Bristol is home to Britain’s top property hotspot, as well as six of the top 10 places outside of London, according to new figures from Rightmove.
The study analysed average asking price increases of almost two million properties between September 2010 and September 2020.
Eaton, an inner-city neighbourhood in Bristol, saw the biggest 10-year surge, with asking prices more than doubling (120%) over the past decade. The current average asking price in Easton is £283,397 – an increase of almost £155,000 from 10 years ago.
The five other Bristol locations in the top 10 include Whitehall, Totterdown, Eastville, Arnos Vale and Redcliffe. Swanscombe and Stone in Kent, and Tilbury and Vange in Essex, complete the table.
Tim Bannister, director of property data at Rightmove, comments: “Average asking prices across Bristol as a whole are up by 60% over the past decade and it’s one of the UK’s most thriving regional centres. Bristol has a highly diverse mix of housing stock and is a city where a number of tech companies have based themselves, making it a very attractive place to move to for many buyers.”
“We know that demand leads to rising prices, but even so, it’s quite a feat that some locations in the city have seen asking prices double since September 2010.”
In the capital, Walthamstow is where average asking prices have increased the most over the last decade (+117%).
Nationally, average asking prices have risen by £93,046 in 10 years, from £226,950 in September 2010 to £319,996 now – a rise of 41%.
Across the different sectors, asking prices for first-time buyer properties of two bedrooms or fewer have increased by 39% in 10 years, second-stepper homes of three and four bedrooms re up 41%, and top-of-the-ladder properties of five bedrooms and above have risen by 32%.
Regionally, London and the East of England have seen the largest 10-year growth in average asking prices – up 62% and 48% respectively. Meanwhile, average asking prices in Wales have risen by 26% compared with September 2010, and in Scotland, they’re up by 21%.
The places where average asking prices haven’t yet recovered from 2010 are primarily in Scotland and the North East. Nairn in Scotland, down 15%, and Linthorpe in Middlesbrough, down 12%, have seen the biggest decreases in average asking prices since September 2010.
The table below shows the top 10 biggest increases in average asking prices since 2020, outside London:
|Location||Area||Avg asking price Sept 2020||Avg asking price Sept 2010||% change|