{"id":3335,"date":"2018-10-17T12:10:26","date_gmt":"2018-10-17T12:10:26","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/where-are-house-prices-rising-the-fastest\/"},"modified":"2018-10-17T12:10:26","modified_gmt":"2018-10-17T12:10:26","slug":"where-are-house-prices-rising-the-fastest","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/where-are-house-prices-rising-the-fastest\/","title":{"rendered":"Where are house prices rising the fastest?"},"content":{"rendered":"\n<div property=\"articleBody\" wp_automatic_readability=\"66.920223726818\">\n<figure class=\"media-landscape has-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Nottingham skyline\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/74C1\/production\/_103898892_s470fjf2.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><figcaption class=\"media-caption\"><span class=\"off-screen\">Image caption<\/span><br \/>\n                <span class=\"media-caption__text\"><br \/>\n                    Parts of Nottingham are popular among house-hunters<br \/>\n                <\/span><br \/>\n            <\/figcaption><\/figure>\n<p class=\"story-body__introduction\">House prices are rising the fastest in the East Midlands, increasing by 6.5% in the year to August, according to official statistics.<\/p>\n<p>Wales also showed a significant rise &#8211; up by 6.2% over the same period, according to the Office for National Statistics (ONS).<\/p>\n<p>However, a &#8220;sustained slowdown&#8221; in the south and east of England has pulled back house price growth across the UK.<\/p>\n<p>On average, the typical UK home has risen in value by 3.2% over the year.<\/p>\n<p>This meant the average UK property cost \u00a3233,000, according to the ONS. <\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45559456\" class=\"story-body__link\">Where does rent hit young people the hardest in Britain?<\/a><\/li>\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45757437\" class=\"story-body__link\">Where have all the &#8216;for sale&#8217; signs gone?<\/a><\/li>\n<\/ul>\n<p>Prices fell 0.2% in London during the same period, making it the only English region to record a fall.<\/p>\n<p>Richard Snook, senior economist at PwC, said: &#8220;The London market has been flat over this period with Brexit-related uncertainty undoubtedly affecting the confidence of buyers and sellers alike.&#8221;<\/p>\n<p>In Scotland, the average price increased by 4.1% over the year to \u00a3153,000. The average price in Northern Ireland rose by 4.4% to \u00a3133,000. <\/p>\n<p>A recent report by the UK&#8217;s biggest mortgage lender, the Halifax, said that fewer homes had been on the market in 2018 than in any year of the past decade.<\/p>\n<p>House-hunters have been left with relatively little choice, which means that prices have still risen as a result.<\/p>\n<div id=\"responsive-iframe-newsspec_15575-main_buy\" class=\"bbc-news-vj-iframe-wrapper\">\n<div id=\"responsive-iframe-newsspec_15575-main_buy-core-content\">\n<div class=\"gel-wrap\">\n<div class=\"gel-layout\">\n<div class=\"gel-layout__item gel-1\/1\" wp_automatic_readability=\"7.0773899848255\">\n<div class=\"main-container\" style=\"display: none\">\n<div class=\"side-container\">\n<div class=\"results\" wp_automatic_readability=\"6\">\n<div class=\"results-box\" wp_automatic_readability=\"8.5\">\n<h2 class=\"off-screen\">Your results<\/h2>\n<p>\n                                        <span class=\"percentage-value\"><br \/>\n                                            &#8211;<br \/>\n                                        <\/span><br \/>\n                                        <span class=\"percentage-text\"><br \/>\n                                            Amount of the <span class=\"text-bold\">United Kingdom<\/span> that has housing you can <span class=\"text-bold\">afford<\/span><br \/>\n                                        <\/span>\n                                    <\/p>\n<div class=\"results-bottom-container\" wp_automatic_readability=\"8\">\n<p>\n                                            <span class=\"results__top-line\">Range of affordable areas includes:<\/span><br \/>\n                                            <span class=\"results__most-expensive-area\">Armagh City, Banbridge and Craigavon<\/span> <span class=\"results__most-expensive-price\"\/> and <span class=\"results__cheapest-area\">Belfast<\/span> <span class=\"results__cheapest-price\"\/>\n                                        <\/p>\n<p>                                        <span class=\"results__no-affordable-areas\">No affordable areas<\/span>\n                                    <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"news-vj__affordability__vis-container\" class=\"vis-container\">\n<h2 class=\"off-screen\">Search the UK for more details about a local area<\/h2>\n<div class=\"map-key-container\" wp_automatic_readability=\"8.5\">\n<div class=\"map-key-help\" wp_automatic_readability=\"12\">\n<p class=\"map-key-help__text\">\n                                        You have a big enough deposit and your monthly payments are high enough.<br \/>\n                                        The prices are based on the local market. If there are 100 properties of the right size in an area and they are placed in price order with the cheapest first, the \u201clow-end\u201d of the market will be the 25th property, &#8220;mid-priced&#8221; is the 50th and &#8220;high-end\u201d will be the 75th.\n                                    <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45888437\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Image caption Parts of Nottingham are popular among house-hunters House prices are rising the fastest in the East Midlands, increasing by 6.5% in the year to August, according to official statistics. Wales also showed a significant rise &#8211; up by 6.2% over the same period, according to the Office for National &hellip; <\/p>\n","protected":false},"author":0,"featured_media":3336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3335"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/3336"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}