Local Property Prices for September 2010

Up my street house prices! 

Brighton and Hove are now the top performers across England and Wales with an increase year on year of 15.6%, albeit that prices month on month appear, like most areas to have stabilised. Places such as Bournemouth, Bedford, Hampshire and Herfordshire, Surrey, West Sussex and West Berkshire also show around 10% growth year on year, although prices continue to remain stable month on month.

London boroughs though continue to outperform the rest of England and Wales with Greater London house price growth of 12% year on year. However, the areas that were doing extremely well thanks to foreign investors such as Kensington and Chelsea and Hammersmith/Fulham, have lost their 'top performing' slots to areas such as Brent (16.3%) and Southwark (15.4%). 

After that, most areas are showing modest and fairly insignificant rises of around 5-6%, or they continue to fall versus 2009, suggesting far too much supply of properties, lack of ability to buy due to a poor economy and high debt rates. 

However, it is obvious from many of the figures that prices have actually been static most the year. Any reported rises are just year on year. Typically for most areas, bar the odd few that are performing well in the South East, most property prices haven't really risen much this year at all and are likely to edge down over the coming months.

Don't rely on property price reports from the media to work out what's happening in your area, just count the number of boards for sale/sold to see how good the market is.

To help, here are September board counts from around the UK which check out the number of boards that are 'sold' versus 'for sale'

Take a look at the For Sale Sign Analysis information below to see if your area is covered.

Click here for Best Performing Areas
Including: Fleet, Watford and Billericay.

Click here for Average Performing Areas
Including: Witney, Market Harborough and Northampton.

Click here for Worst Performing Areas
Including: Gainsborough, Hinckley and Wednesbury.

Want FSSA data for your particular area? Then call 0845 308 2004 or email enquiries@designsonproperty.co.uk


Best Performing Areas

Town	Percentage of Sold versus For Sale Boards
Fleet	50.0%
Cheshunt & Waltham Abbey	42.5%
Greenwich	41.8%
Didcot	41.2%
Petersfield	41.0%
Watford	40.0%
New Barnet	36.7%
Eltham	36.5%
High Wycombe	34.0%
Kenilworth	33.8%
Billericay	33.7%
Orpington	33.5%

Average Performing Areas

Town	Percentage of Sold versus For Sale Boards
Gosport	29.9%
Witney	29.7%
Colchester	29.3%
Hythe (Southampton)	29.1%
Andover	28.3%
Market Harborough	28.2%
Wantage	27.9%
Stanford Le Hope	27.4%
Medway Towns	26.7%
Strood	26.5%
Portsmouth & Southsea	26.3%
Northampton	25.8%

 


Worst Performing Areas

Town	Percentage of Sold versus For Sale Boards
Gainsborough	6.7%
Middleton	7.8%
Shaw	8.8%
Chorley	8.9%
Sutton In Ashfield	9.7%
Sunderland	10.1%
Hinckley	10.5%
Goole	10.9%
Bearwood	12.4%
Whickham	12.5%
Oldbury	12.8%
Wednesbury	13.5%
West Bromwich	13.6%

READ MORE for a full analysis of the Property Market