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