House prices have increased most in one area of the UK – snap up property NOW to benefit

Homeowners or those planning to invest in property should look at one particular area of the UK.

House prices have risen 14.4 per cent this year in Swale, Kent, the largest rise across the nation, according to research by eMoov.

Swale next to Canterbury and Medway, and covers the Isle of Sheppey, Faversham and Sittingbourne.

Next nearest was East Northamptonshire with 12.7 per cent rises across the district.

Oadby and Wigston in Leicestershire and Cambridge also enjoyed growth of 12 per cent or higher.

Some of the most beautiful areas in the UK also enjoyed a surge, with Torridge, North Devon and the Orkney Islands both seeing rises above 10 per cent.

Corby, Test Valley in Hampshire and West Somerset all also did well in 2017.

And one area of London managed to make the eMoov list of house price successes – Merton, which enjoyed growth of 10.5 per cent.

In actual monetary terms, the City of London tops the table, with just a 9.4 per cent increase that equates to over £76,000 gained.

However, not all of the UK enjoyed a rise, and the Shetland Islands saw prices drop 21.3 per cent since last December.

Kensington and Chelsea (-8 per cent), Hartlepool (-7.4 per cent), and the City of Westminster also suffered some of the largest drops, down by more than five per cent.

Unfortunately for London’s most prestigious homeowners, Kensington and Chelsea is also top for largest monetary decrease, down by £109,068 since December of last year.

Russell Quirk, Founder and CEO of eMoov.co.uk, said: “Despite a hard year for UK property, there is still plenty of areas that can rejoice over strong price growth, defying the wider market uncertainty that has seen an overall slowdown.

“These lists highlight the diversity of the market and while there will be no gold, frankincense or myrrh, homeowners across six different UK regions will all enjoy double-digit price growth this Christmas.

“Although the other end of the table is equally as diverse, no one likes to make the naughty list, especially when that list relates to the UK’s property lumps of coal.”