What are the fastest growing UK postcodes of the year?

Barclays Mortgages has today unveiled its first ever Postcode Property Index, identifying the postcodes from the UK’s top twenty cities that have seen the fastest house price growth over the past year

Barclays Mortgages have recently launched the Postcode Property Index, which analyses the top UK postcodes from 20 cities that have seen the fastest house price growth over the past year. According to the the new data, B16, covering Ladywood in Birmingham leads, with regional cities overtaking London as employment growth and attractive affordability boost demand for housing and boost house prices.

The Index shows that individual postcodes are resisting the national housing market trend. Latest government figures show a downturn in house price growth with September 2017 showing just a 0.4% increase, suggesting the housing market is continuing to calm post-EU referendum.

Despite these figures, data sourced from property analysts Hometrack has revealed that property prices in B16 (Ladywood) in Birmingham, which benefits from an plethora of restaurants chains and artisan coffee shops has seen property prices increase to an average of £171,121 in the past 12 months, an increase of 17 per cent – significantly more than the 5 per cent increase experienced by the city as a whole.

In Edinburgh, those living in EH2 have seen their property values rise on average by nearly £50,000, or 14%, in just one year. The regional cities, however, have fared less well in the past year. The average price growth in London fell to just 2% in the last year. Clapton saw the largest increase in property prices in the city, but this still only came in at 5% which is considerably lower than the figures that home owners have come to expect in London.

Craig Calder, Director of Barclays Mortgages said:

“It is fascinating to see the individual postcodes where property prices are growing at a very fast pace, particularly when they are significantly outstripping the city’s average growth. It demonstrates how changeable the property market currently is, not just around the UK but within each city.”

City  Postcode  Area  Avg House Price (Jul 16) Avg House Price (Jul 17) % Growth Avg % Growth
Birmingham B16 Ladywood £147,121 £171,498 17% 5%
Edinburgh EH2 Holyrood £325,595 £372,592 14% 7%
Glasgow G3 Finnieston £161,454 £183,298 14% 5%
Manchester M11 Openshaw £93,774 £105,832 13% 7%
Hull HU1 Central Hull £86,778 £97,742 13% 4%
Bradford BD3 Barkerend £77,413 £85,978 11% 3%
Leicester LE18 Wigston £162,611 £177,263 9% 4%
Coventry CV1 Bishopsgate Green £120,377 £130,098 8% 7%
Bristol BS1 Bristol £255,729 £276,242 8% 4%
Nottingham NG11 Ruddington £151,025 £162,430 8% 5%
Belfast BT5 East Belfast £123,527 £131,690 7% 3%
Sheffield S3 Neepsend £105,501 £113,359 7% 3%
Leeds LS2 Woodhouse £141,162 £151,391 7% 4%
Liverpool L21 Litherland £92,967 £99,417 7% 3%
Brighton BN41 Portslade £289,550 £305,564 6% 2%
London E5 Clapton £511,300 £541,800 5% 2%
Wakefield LS26 Central Wakefield £167,480 £176,522 5% 3%
Cardiff CF24 Adamsdown £163,344 £170,385 4% 3%
Newcastle NE15 Heddon on the wall £108,203 £112,830 4% 2%
Sunderland NE35 Boldon £113,183 £117,609 4% 1%

 

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