Derbyshire, Melton and Oldham recorded the strongest annual house price growth over the past year, according to the latest market analysis from eXp UK.
The research examined year-on-year house price changes across UK local authorities and found that, despite economic and political uncertainty, average UK house prices rose by 1.7% over the year. The analysis highlights that price growth was concentrated in specific areas rather than evenly spread across the market.
Several local housing markets significantly outperformed the national average over the past year, with three local authorities recording double-digit annual house price growth.
According to the analysis, North East Derbyshire saw the strongest growth, with average prices rising by 10.5% over the year. Melton followed closely with an increase of 10.4%, while Oldham recorded growth of 10.3%.
Other areas also posted strong annual increases, including Mid Ulster and Derry City and Strabane, both of which recorded close to double-digit growth. East Cambridgeshire and Argyll and Bute saw prices rise by more than 9%, while Hartlepool completed the top ten with an annual increase of 9%.
Adam Day, Head of eXp UK and Europe, commented: “While the national picture shows a steady but relatively modest rate of appreciation, it’s clear that there are still pockets of the market delivering incredibly strong growth, despite the wider market uncertainty that has enveloped the UK over the last year.
“What is particularly interesting is that many of the top performers are not the usual ‘hotspots’ we associate with rapid price rises and this underlines the ever evolving diversity of the UK housing market.
“Even in a year shaped by uncertainty, local fundamentals continue to drive growth and for both buyers and sellers, understanding their local market dynamic is essential, because the national average only tells a fraction of the story.”
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