North Somerset's Clevedon is 2017's biggest property 'winner' in property price growth
12-29-2017
Clevedon in North Somerset is the top town for property price growth in the country, according to Zoopla. The average property value is now £334,245 - an 11.6% increase since January.
The seaside resort is named by Zoopla as 2017's biggest property "winner".
Tewkesbury in Gloucestershire was placed third on the top 10 towns list, with values increasing by 11.38% since the start of the year, bringing the average price to £299,543.
Camborne in Cornwall was the second-to-the-last on the list of the bottom 10 towns with the average property value now £184,141 that is a -2.69% increase since January.
The average value of property in South West England is £303,715, showing a 3.46% increase.
Britain's property market is 'now worth £8.29 trillion'.
The average home in Britain has added £28 per day to its value during 2017, according to calculations by a property website.
The residential property market is now valued at a total of £8.29 trillion, marking a rise of 3.5% or £280 billion since the start of the year, property website Zoopla found.
It analysed property data between January 1 and December 12 and found that average values have increased by £9,652 - equating to £28 per day.
In England, average values have increased by 3.21% to reach £328,380.
In Wales, a typical home is now worth 2.94% more than at the start of the year, at £185,378.
Property values in Scotland have increased by 8.44% over the past year to reach an average of £191,915, according to Zoopla's calculations.
The North East of England is the only region where average property values were found to be lower than in January, with a 0.35% decrease.
Zoopla's analysis of the strongest and weakest-performing post towns included towns with10,000 properties or more.
Lawrence Hall, a spokesperson for Zoopla, said 2017 has been an "unpredictable and varied year" for the British property market.
The full list of top 10 towns for property price growth, according to Zoopla, with the average property value and the increase since January:
- Clevedon, North Somerset, £334,245, 11.6%
- Ashbourne, Derbyshire, £354,815, 11.59%
- Tewkesbury, Gloucestershire, £299,543, 11.38%
- Whitstable, Kent, £386,051, 11.17%
- Ilkley, West Yorkshire, £404,994, 11.09%
- Kingston-upon-Thames, London, £742,775, 10.95%
- Market Drayton, Shropshire, £257,270, 10.2%
- Belper, Derbyshire, £252,080, 10.04%
- Sudbury, Suffolk, £327,835, 9.83%
- Letchworth Garden City, Hertfordshire, £390,384, 9.79%
The full list of the bottom 10 towns for property price growth, according to Zoopla, with the average property value and the increase since January:
- Leigh, Greater Manchester, £124,134, minus 4.61%
- Walton-on-Thames, Surrey, £630,468, minus 3.32%
- Houghton Le Spring, County Durham, £139,714, minus 3.21%
- Aberdare, Rhondda Cynon Taf, £113,975, minus 3.19%
- Daventry, Northamptonshire, £258,016, minus 3.11%
- South Shields, Tyne and Wear, £133,730, minus 2.97%
- Brentford, London, £512,814, minus 2.93%
- Burton-on-Trent, Staffordshire, £206,843, minus 2.85%
- Camborne, Cornwall, £184,141, minus 2.69%
- Morpeth, Northumberland, £233,130, minus 2.56%
The full list of average property values and increases by country and region, according to Zoopla:
- Scotland, £191,915, 8.44%
- East Midlands, £216,302, 5.82%
- West Midlands, £227,016, 5.75%
- East of England, £360,918, 4.42%
- Yorkshire and the Humber, £176,350, 3.82%
- South West England, £303,715, 3.46%
- North West England, £193,821, 2.98%
- Wales, £185,378, 2.94%
- South East England, £416,084, 2.21%
- London, £674,589, 0.73%
- North East England, £188,330, minus 0.35%