21 Dec The places where property prices rose the most in 2012
According to Zoopla, average property prices rose by £2,298 over the last year taking the average British property price up 1% to £228,226 instead of £225,928. The average price of a London home rose a massive £28,000 over the last 12 months highlighting the gap between the North and South property prices.
However, as expected London and the South of England in general have out priced the North of the country where the average property price fell in seven out of eleven regions during 2012. Wales was the worst performing region where the average property price dropped 3.1% in 2012 and Yorkshire was the second worst performing region when properly prices plummeted 2.9% over 12 months.
The cities where property prices rose the most in 2012 are *drum roll please*… begins with London, second on the list Cambridge with a rise of 5.9% which is the largest rise in property prices outside of London. Next was Plymouth and Derby which saw a price rise of 4.9% and 4.1% followed by Bristol, Rotherham, Leicester, Middlesbrough, Reading and finally Norwich.
However, the areas where property prices dropped in 2012 are Barnsley which experienced a drop of 2.6%, next on the list is Lincoln with a 2.1% drop and finally Bradford with a 2% fall, followed by Bournemouth, Warrington, Bolton, Wolverhampton, Nottingham, Doncaster and Stoke-on-Trent.
What do you think of the latest and perhaps the last property figures from 2012?