Thinking of buying or selling property in the New Year?
Caz Blake-Symes • January 8, 2020
Zoopla reviews how the housing market performed during 2019.
Adapted from a Zoopla article by Nicky Burridge
The collective value of homes in Great Britain increased by £124 billion in 2019, pushing total housing wealth up to an inconceivable £7.8 trillion. The typical house saw its price rise by £4,702 during the year – the equivalent of a gain of £12 a day, according to our latest property data.
Wales was the best performing region, with house prices rising by 3.9%. That's more than double the 1.6% average rate for Great Britain as a whole. At the other end of the scale, property values edged ahead by just 0.6% in South East England in 2019.
Laura Howard, Zoopla consumer expert, said: “Our latest analysis highlights there is no single UK housing market and trends vary across and within local housing markets driven by local economic factors. Estate agents have their finger on the pulse on the latest trends in supply and demand and are a great source of knowing what is happening in their market.”
Which regions performed best?
Wales not only saw the strongest growth in percentage terms, but also in absolute ones, with the typical home in the region seeing its value increase by £7,154 or £19.60 per day in 2019. The North West of England saw the second biggest percentage gain of 3.2%, followed by Yorkshire and the Humber, with house prices rising by 2.83%.
The average cost of a home in all three regions is below £200,000, highlighting the importance of affordability in driving house price gains in 2019.
Where was growth slowest?
Homes in the South East of England saw the slowest growth in 2019, with average prices rising by juts 0.6% or £2,393. Gains were also subdued in the East of England, where property values rose by just 0.9% or £3,076. The London market recovered slightly during the year, with house prices in the capital increasing by 1.1% or £6,939 – the second biggest gain in monetary terms for all regions.
The three regions that saw the slowest growth are also the three most expensive regions for house prices, reflecting how affordability constraints have acted as a break on the market.
What about individual towns?
Port Talbot on the Welsh coast was the town with the best performing housing market in 2019, with prices rising by 7.5% – nearly double the rate for Wales as a whole – adding an average of £23.22 a day to property values, which ended the year at £122,074. Cwmbran, also in Wales, was the second best performing town with gains of 6.9% leaving the average home costing £168,212. Leigh in Greater Manchester was in third place with a rise of 6.3%, with Cannock in Staffordshire and Edinburgh completing the top five with price increases of 5.4% and 5.2% respectively.
Property performed less well in Aberdeen, where the market continues to be impacted by the low oil price, with house prices falling by 3.9% during the year.
Falls of 1.8% were also recorded in Witney in Oxfordshire, while in Woking in Surrey, property values declined by 1.4%.
Top 3 takeaways
• The collective value of homes in Great Britain increased by £124 billion in 2019, pushing the
• The typical house saw its price rise by £4,702 during the year – the equivalent of a gain of £12 a day
• Wales was the best performing region, with house prices rising by 3.9%, more than double the rate recorded for the UK as a whole of 1.6%
Are you thinking of moving?
For further details and to book your FREE CONSULTATION
with one of our expert Mortgage Advisers please contact us
Bristol Mortgages Online www.bristolmortgagesonline.com Tel 0117 325 1511
Bath Mortgages Online www.bathmortgagesonline.com Tel 01225 584 888
Exeter Mortgages Online www.exetermortgagesonline.com Tel 01392 690 888
Email info@swmortgages.com
#bristolmortgagebroker #mortgageadvice #independentbroker #lifeinsurance #mortgagebroker #offsetmortgage #bathmortgagebroker #mortgageprotection, #lowinterestmortgage #incomeprotection #expertmortgageadvice #freeconsultation #remortgage #criticalillnesscover #greatbuytoletdeals #fivestarservice #highlyrecommended #topmortgagebroker #movinghouse #remortgage #mortgage #mortgage advisor
With the Budget uncertainty now lifted, buyers and sellers can return to making decisions about their next move. Removing the threat of a new annual property tax from 210,000 homes for sale will help revive market activity in higher-value areas. However, the lack of any stamp duty reform means homebuyers will continue
Please click here to see our November newsletter This month’s edition is packed full of interesting articles, including What does the Budget mean for you? Interest-Only Mortgages For Later Life. Need Short-Term Property Finance? What is the Renters’ Rights Act, and what does it mean for tenants? What You Should Know About Second Charge Mortgages Time to Remortgage? Stunning 5-star Google Reviews! Let Us Help You If You Have Adverse Credit How to Contact Us You can also read more articles on our Blog. We hope you enjoy this Newsletter. If you have any queries, please call Phil Clark on 0117 325 1511 or email info@swmortgages.com
Rachel Reeves has set out details of her second Budget since becoming Chancellor.
Some measures from the yearly tax and spending plan had already been announced in the days leading up to the statement.
We are thrilled to be able to offer this fantastic product through the Family Building Society.
This interest-only mortgage gives those of retirement age and beyond the opportunity to free up equity from their home, without the huge costs often faced when considering Equity Release or a Lifetime Mortgage.
Thinking about buying a new property before selling your current one? Or maybe you need quick funds to complete a renovation or secure an investment opportunity? You’re not alone. With today’s fast-moving property market, many homeowners and investors are turning to bridging loans to bridge the gap.
The changes laid out in the Renters’ Rights Bill were the biggest shakeup of rental legislation in decades. In October 2025, the Bill gained Royal Assent, which means the bill becomes the ‘Renters’ Rights Act’, and will now become law.
Pre-Budget speculation over possible tax changes is impacting market activity for homes over £500,000. The rest of the mainstream housing market is carrying on, largely unaffected.
Thinking about borrowing more money, but worried about losing your current mortgage deal? You’re not alone. With interest rates shifting in 2025, many homeowners are
Rental market conditions are starting to normalise as supply and demand rebalance. The affordability