Cities of the UK With the Fastest House Price Growth in 2022

Halifax has conducted a study and found that 2022 was another "rapid year of house price growth" in many regions of the Foggy Albion. It names the cities where the largest increase in housing prices was recorded in 2022.

TOP 20 UK cities for house price growth in 2022:

1. York +23.1%
2. Woking +19%
3. Swansea +17.5%
4. Chelmsford +16.8%
5. Kettering +15.9%
6. Derby +15.8%
7. Wellingborough +15.5%
8. Peterborough +14.9%
9. Bristol +14.8%
10. Cambridge +14.8%
11. Brentwood +14.4%
12. Bournemouth +14.3%
13. Howe +14.2%
14. Colchester +14%
15. Birmingham +13.8%
16. Milton Keynes +13.5%
17. Newcastle upon Tyne +13.1%
18. Nottingham +13%
19. Southampton +12.9%
20. Cheltenham +12.7%

Quote. "Although London still has some of the highest property prices in the country, it has recorded a relatively modest increase in house prices over the past 12 months. This is partly due to the changes in housing preferences caused by the pandemic, as buyers were looking for larger properties further away from urban centers," explains Kim Kinnaird, mortgage director at Halifax.

"We can clearly see this in suburban cities such as Woking, Chelmsford and Hove, which with their more diverse set of properties possibly offering better value have recorded much greater growth over the past year," the expert concludes.

Source: Gazette & Herald
Photo by Karl Moran on Unsplash

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