Two West Yorkshire towns named in top 10 property hotspots by Rightmove
Two towns in West Yorkshire have been named in the top 10 property hotspots in the UK by Rightmove.
Keighley and Pudsey ranked joint fourth in the list, with property prices soaring by 11 per cent across the last year.
Paisley in central Scotland was named as Britain’s top property hotspot, with asking prices there surging by 15 per cent over the same period.
Lancaster and Wigan rounded off the top three places in the list, compiled by Rightmove.
The average house price in Keighley is £195,175 and £225,530 in Pudsey, an increase of 11 per cent over the last year.
London was excluded from the main research. The strongest asking price growth in London was in West Norwood, where asking prices increased by 12 per cent annually – a slower rate than in Paisley but matching the 12 per cent growth also recorded in Lancaster and Wigan.
Rightmove said local estate agents in Paisley, close to Glasgow, report that access to nature and green spaces may have contributed to the rising prices. Both of these attributes are said to have become more important to some home movers during coronavirus lockdowns.
The average asking price of a home in Paisley is currently £126,903, which is £16,183 more expensive than a year ago.
However, average asking prices in the town are £191,677 cheaper than the average across Britain, at £318,580. All of the top 10 price hotspots outside London have average asking prices that are cheaper than the average across Britain.
The most expensive location on the list is Newquay in Cornwall, with average asking prices at £294,381.
Rightmove’s director of property data Tim Bannister said: “Demand for property in Paisley is very high at the moment, with searches for homes to buy in the town having risen by 44% compared to this time last year.
“Naturally, demand leads to rising prices and with swathes of rolling countryside on the doorstep, it makes sense that Paisley is such a popular destination for home movers looking for more space.
“With regards to the other price hotspots in our table, it’s interesting that places in the North West are continuing to perform really strongly.
“A recent study of ours found that the biggest ‘winners’ for property prices for all of 2020 were suburban areas in the North West, especially towns near Liverpool and Manchester, and this latest research illustrates that this trend is very much still alive.”
Here are the top 10 asking price hotspots outside London with the average asking price in February 2021 and the annual percentage change, according to Rightmove:
1. Paisley, Renfrewshire, £126,903, 15%
=2. Lancaster, Lancashire, £197,790, 12%
=2. Wigan, Greater Manchester, £175,202, 12%
=4. Bishop Auckland, County Durham, £135,736, 11%
=4. Keighley, West Yorkshire, £195,175, 11%
=4. Pudsey, West Yorkshire, £225,530, 11%
=4. Newquay, Cornwall, £294,381, 11%
=4. Neath, South Glamorgan, £160,541, 11%
=9. Wallasey, Merseyside, £174,003, 10%
=9. Liverpool, Merseyside, £175,300, 10%