Which regions saw the biggest increases in house prices during the pandemic?

The areas of Britain that saw the biggest increases in house prices during the pandemic have been revealed exclusively to MailOnline Property.

Bury St Edmunds in Suffolk and Banbury in Oxfordshire topped Halifax’s list and have seen prices skyrocket by £ 100,000 – more than a third.

The analysis, based on places with home sales of at least 100, covers the period from the beginning of March of last year to the end of February 2021.

Chorley in Lancashire, Leamington Spa in Warwickshire and Salisbury in Wiltshire are also in the top 10, indicating strong increases have been seen across the country.

Scroll down to the bottom of the story to see the full list of the 100 areas where prices went up 12% or more

We reveal where house prices have risen the most since the first foreclosure in March of last year

This three bedroom house in Bury St Edmunds in Suffolk is on sale for £ 281,250 via estate agents WIlliam H Brown

This three bedroom house in Bury St Edmunds in Suffolk is on sale for £ 281,250 via estate agents WIlliam H Brown

House prices have risen the most in Bury St Edmunds, rising an average of 37 per cent from £ 267,217 to £ 367,421 over the past year.

The pretty cathedral town of Suffolk is known for its Abbey Gardens and has hundreds of hanging baskets and flowerpots in spring and summer.

It is closely followed by Banbury, which saw average house prices rise 36 percent from £ 283,830 to £ 385,556.

In third place is King’s Lynn, where average values ​​have risen 28% in one year, from £ 232,586 to £ 298,399.

None of the top 10 locations are in London. However, parts of the capital are on the longer list of 100 locations where house prices have risen over the past year.

They are at the bottom, with the Borough of Haringey in North London ranked in 98th position and the Borough of Brent in North West London in 100th position.

This three bedroom terraced house in Banbury, Oxfordshire is on sale for £ 275,000 via Connells estate agents

This three bedroom terraced house in Banbury, Oxfordshire is on sale for £ 275,000 via Connells estate agents

It comes as Britain approaches the anniversary of the first lockout on March 23, a period that saw a jackhammer take over the job market.

Many industries experienced a larger decline in job vacancies in 2020 than in the wake of the 2008 financial crisis.

And yet, unlike the 2008 crisis and the economic downturn of the time, over the past year the average price of a home has increased.

The typical value of a home in Britain has risen 12 percent, from £ 285,428 to £ 320,457, over the past year, according to Halifax.

This four bedroom house in King's Lynn, Norfolk is for sale for £ 280,000 through estate agents William H Brown

This four bedroom house in King’s Lynn, Norfolk is for sale for £ 280,000 through estate agents William H Brown

HOUSE PRICES INCREASE IN EACH REGION OVER THE LAST YEAR
March 20
(Average £)
the 21st of February
(Average £)
March 20 – February 2021 Change in%
South West 280,588 327,061 17%
East Anglia 276,291 317,844 15%
North West 206,362 236,197 14%
East Midlands 224,122 256 103 14%
West Midlands 231,291 263 661 14%
Yorkshire and Humberside 196,241 221 833 13%
South East 380,469 428,601 13%
Wales 191,309 214,150 12%
North 174,322 191,893 ten%
North Ireland 167,843 180,483 8%
Greater London 538,909 567 788 5%
Scotland 190 250 194,086 2%
UK 285,428 320 457 12%
Source: Halifax

Halifax also revealed average house price increases in each region, with the Southwest leading the way with a 17% increase from March of last year to February of this year.

This reflects the desire for more exterior and interior space over the past year, as restrictions from successive lockdowns have taken their toll.

Andrew Asaam, from Halifax, said: ‘Like many things over the past year, it would have been difficult to predict where we would see the biggest growth in house prices, especially when it all came to a standstill during the first locking.

‘Towns like Bury St Edmonds, Kings Lynn in Norfolk and Banbury in Oxfordshire have seen the biggest rise in house prices over the past year, while further north, Chorley and Huddersfield have also seen significant increases.

“ More time spent at home over the past 12 months has also helped fuel the desire for properties with more space and has broadened the reach of how people think about certain places as the work balance -Personal life has changed for buyers and sellers in 2020.

“We have seen a surge in the market in the second half of last year following the effective end of the first lockout, as well as people rushing to take the stamp duty holiday.

WHEN DO THE STAMP HOLIDAYS END?

The amount to which stamp duty is paid was temporarily increased by the government last summer to £ 500,000 for property sales in England and Northern Ireland.

The tax break was supposed to end on March 31, but the Chancellor announced in the budget that it will now end on June 30.

After this date the starting stamp duty rate will be £ 250,000 until the end of September. The stamp duty will then return to the usual level of £ 125,000.

This four bedroom semi-detached house in Buckshaw Village, Chorley is for sale for 190,000 via Strike Realtors

This four bedroom semi-detached house in Buckshaw Village, Chorley is for sale for 190,000 via Strike Realtors

LIST OF PLACES WITH THE LARGEST HOUSES PRICES INCREASING OVER THE LAST YEAR
March 20
(Average £)
the 21st of February
(Average £)
March 20 – February 21 Change%
BURY ST EDMUNDS 267,217 367,421 37%
BANBURY 283 830 385,556 36%
KING’S LYNN 232,586 298,399 28%
CHORLEY 188 206 240,906 28%
SPA LEAMINGTON 316,029 402 245 27%
HEREFORD 237 786 300,059 26%
MACCLESFIELD 298,791 371,531 24%
SALISBURY 313,248 388,238 24%
HUDDERSFIELD 187 221 231 920 24%
CHELTENHAM 322 648 396,885 23%
NEWTON ABBOT 251,329 309,040 23%
AYR 154,515 189 879 23%
STOURBRIDGE 259,458 316 675 22%
BURTON ON TRENT 210,966 257,397 22%
GRAND YARMOUTH 191,488 232,531 21%
CHESTERFIELD 184,580 223,300 21%
SOUTHEND ON SEA 280,556 336,760 20%
HOVE 409,519 491,304 20%
SOUTH SHIELDS 146 932 175,672 20%
GRANTHAM 228,843 273,594 20%
TAUNTON 249,151 297,599 19%
WALSALL 189,032 225,756 19%
TELFORD 197 203 234 914 19%
GLOUCESTER 241,136 286,881 19%
POOL 309,241 367,758 19%
FAREHAM 296,283 351 651 19%
WAKE UP 497,775 590 624 19%
SCUNTHORPE 142 878 169,153 18%
Darlington 169,348 200 313 18%
WIRRAL 228,040 269,725 18%
NEWARK 209,881 247,751 18%
ALTRINCHAM 402,181 474 335 18%
Islington (LA) 665,051 783963.4279 18%
DONCASTER 161,452 190,288 18%
WESTON SUPER MARE 226,748 267,050 18%
STOKE ON TRENT 165,137 194 299 18%
GILLINGHAM (KENT) 259,084 304 767 18%
SWADLINCOTE 197,532 231,113 17%
DUNSTABLE 280,929 328,440 17%
MAIDSTONE 295,426 345,313 17%
EASTBOURNE 261 108 305 112 17%
BEDFORD 331 172 386 688 17%
ASHFORD (KENT) 314,571 366,812 17%
WIDNES 173,004 201 627 17%
BRIDGWATER 224 932 261 930 16%
VALUE 328 787 382,803 16%
STOCKPORT 271,530 315,503 16%
MANCHESTER 204,975 237,517 16%
NUNEATON 210 761 243 744 16%
BLACKBURN 143,342 165,486 15%
BOLT 168,616 194,521 15%
CANTERBURY 317,908 366,586 15%
KETTERING 240,438 276,836 15%
COLCHESTER 304,015 349,752 15%
BIRMINGHAM 207,402 238,489 15%
LEICESTER 238,149 273,368 15%
NEWCASTLE UNDER LYME 174,906 200 656 15%
WREXHAM 187 277 214,751 15%
GRAVESEND 311,216 356,466 15%
NEWTOWNABBEY 142,518 163 201 15%
WARRINGTON 222,755 254,718 14%
WATERLOOVILLE 319,090 364,485 14%
BURNLEY 143,786 164,096 14%
HIGH WYCOMB 409,285 466,959 14%
WOKINGHAM 470 415 536,095 14%
LINCOLN 219,282 249,790 14%
BRIGHTON 387,281 441 104 14%
TUNBRIDGE WELLS 462,906 527,137 14%
QUAGMIRE 411 830 468,856 14%
ST ALBANS 546,492 621,867 14%
COVENTRY 217,500 247 120 14%
SOLIHULL 382 713 434,735 14%
WOLVERHAMPTON 202 131 229,589 14%
ELY 294,030 333,893 14%
LEEDS 226,939 257,637 14%
DERBY 209,554 237 787 13%
WAKEFIELD 200 920 227 944 13%
HARLOW 298,891 339,055 13%
PORTAL 152,713 173,197 13%
SITTINGBOURNE 264,607 299,592 13%
MILTON KEYNES 326,609 369 656 13%
CHIPPENHAM 314,157 355,398 13%
OLDHAM 178,157 201,530 13%
ILFORD 441 239 498 570 13%
NEWPORT (GWENT) 180,849 204,217 13%
NEWCASTLE ON TYNE 201,582 227,502 13%
EASTLEIGH 316 345 357,008 13%
PLYMOUTH 202 024 227,798 13%
NOTTINGHAM 213,856 241,030 13%
KEIGHLEY 183,542 206,568 13%
HARROGATE 325,272 365 914 12%
CRAWLEY 331,869 373,077 12%
ORPINGTON 483,028 542 656 12%
WORKSHOP 154,126 173,053 12%
NORWICH 268,778 301,745 12%
Haringey (LA) 564 932 633 077 12%
SWANSEA 176,330 197,520 12%
Brent (LA) 548 088 613 783 12%
Source: Halifax

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