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Home Investment These are the areas that have seen the highest increase in house prices in the past decade

These are the areas that have seen the highest increase in house prices in the past decade

by uma

 

 

  • Waltham Forest in London has seen the biggest return on investment in property in the UK, with a 113.6% increase in property price over the last decade. 
  • Thanet in Kent has the second best return on investment with house prices having risen 111.9% since 2012.  
  • The City of Aberdeen has seen the worst return on investment in the UK for property, being the only area to see a decrease in property prices over the past ten years. 

 

New research shows the UK areas with the highest increase in property prices in the past decade with Waltham Forest in London taking the top spot, with a house price increase of 113.6% over the last ten years. 

 

The study conducted by online trading platform, CMC Markets, analysed house price data from the Office for National Statistics (ONS) for each local authority in the UK between 2012 and 2022 to discover which area saw the highest increase in house prices and therefore provides the highest return on investment.  

 

 

The 10 UK areas with the biggest increase in house prices 

 

 

 

 

Rank 

 

 

Area 

 

 

Average house price in 2012 

 

 

Average house price in 2022 

 

 

Percentage increase 

 

 

 

 

 

 

Waltham Forest 

 

 

£226,741.68 

 

 

£484,229.52 

 

 

113.6% 

 

 

 

 

 

 

Thanet 

 

 

£142,273.02 

 

 

£301,510.06 

 

 

111.9% 

 

 

 

 

 

 

Barking and Dagenham 

 

 

£165,049.09 

 

 

£340,135.34 

 

 

105.9% 

 

 

 

 

 

 

Hastings 

 

 

£137,735.62 

 

 

£271,106.08 

 

 

96.8% 

 

 

 

 

 

 

Hackney 

 

 

£315,619.92 

 

 

£620,147.39 

 

 

96.5% 

 

 

 

 

 

 

Medway 

 

 

£147,594.92 

 

 

£288,804.93 

 

 

95.7% 

 

 

 

 

 

 

Dover 

 

 

£157,717.70 

 

 

£307,570.02 

 

 

95.0% 

 

 

 

 

 

 

Bexley 

 

 

£199,584.95 

 

 

£389,033.89 

 

 

94.9% 

 

 

 

 

 

 

Bristol, City of 

 

 

£174,024.30 

 

 

£338,773.82 

 

 

94.7% 

 

 

 

 

10 

 

 

Thurrock 

 

 

£199,584.95 

 

 

£314,816.77 

 

 

94.4% 

 

The analysis revealed that Waltham Forest in London has the biggest return on investment for property in the UK, with a 113.6% increase in house prices since  

  1. Currently, the average house price in Waltham Forest is £484,229.52 whereas a decade ago, the average cost was £226,741.68. 

The area with the second highest increase in property prices is Thanet in Kent. House prices in Thanet averaged at £142,273.02 in 2012 and have risen to £301,510.06 as of this year. This means that there has been a 111.9% rise in prices. 

Barking and Dagenham is the area with the third highest rise in property in the UK, therefore having the third best return on investment. There has been a 105.9% rise in house prices in the London borough in the past decade. In 2012, the average house price in Barking and Dagenham was £165,049.09 whereas in 2022, the average house price now stands at £340,135.34 according to the ONS data. 

Hastings in East Sussex places fourth. House prices in Hastings have skyrocketed 96.8% since 2012, when house prices were at an average of £137,735.62 compared to today’s average price of £271,106.08. 

Another London borough rounds out the top five with Hackney seeing a 96.5% rise in house prices. House prices in Hackney have risen from £315,619.92 to £620,147.39 in the past ten years, leading to its status as the area with the fifth highest return on investment in property. 

 

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