Sunbury-on-Thames sees biggest house price rise in UK in 2024
Sunbury-on-Thames sees biggest house price rise in UK in 2024
Share:
Surrey town saw 12.5% increase in asking prices last year with rest of UK rising just 1.4%, according to Rightmove. It’s very name conjures images of warmth, and now Sunbury-on-Thames has been named as a property hotspot. According to listings website Rightmove, the Surrey town recorded the biggest rise in asking prices in Great Britain last year, registering a 12.5% leap in the average, from £527,005 to £592,976.
The town has long been popular with commuters, as it takes less than an hour to travel into London Waterloo station, and is close to the recently expanded Shepperton Studios, which now claims to be the second biggest film studio in the world. Second on Rightmove’s list were Bristol City Centre and Swinton in Greater Manchester, which both recorded a 9% leap in asking prices. In Bristol, this took the average to £391,042, while in Swinton – which is part of Salford – the average hit £264,081.
Across Great Britain as a whole the average asking price rose by just 1.4% over the year, Rightmove said, and in London they dropped by 0.8%. However, other price indices have shown stronger growth than that. Nationwide building society recently reported a 4.7% increase in UK prices in the 12 months to December, and on Wednesday the Office for National Statistics said the annual rate of growth stood at 3.3% in November.
The ONS figures showed a 0.4% fall over the month, which some commentators said could reflect buyer hesitation as a result of economic uncertainty. Karen Noye, mortgage expert at wealth management company Quilter, said: “This uncertainty will be compounded by the recent turmoil in the bond markets putting upward pressure on mortgage rates.
