North Norfolk revealed as one of Britain’s top 10 property price growth hotspots
PUBLISHED: 16:50 18 February 2018 | UPDATED: 08:18 19 February 2018
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North Norfolk has been named as a hotspot for property price growth.
New figures from the Office for National Statistics (ONS) have revealed the areas in Britain where house price growth was the most improved over the last year.
The 10 fastest rising districts were singled out, with north Norfolk coming in at number seven.
Property prices here rose by 13.7pc between 2016 and 2017, taking the average house price from £227,473 to £258,580.
Also on the list were Orkney Islands, which took the top spot with its property prices growing by 18.2pc, followed by Cambridge where they improved by 15.7pc.
Worst improved districts included Kensington and Chelsea, where prices decreased by -10.7pc and Guildford.
The year proved to be a good one for the property market overall, with average house prices in the UK increasing by 5.2pc, up 5pc in November 2017.
Largest annual growth in the year to December 2017
1. Orkney Islands, +18.2pc
2. Cambridge, +15.7pc
3. Eden, +15pc
4. West Dunbartonshire, +14.9pc
5. Kettering, +14pc
6. Cotswold, +13.9pc
7. North Norfolk, +13.7pc
8. Oadby & Wigston, +13.5pc
9. Forest Heath, +12pc
10. Dover, +11.8pc
Lowest annual growth
1. Kensington & Chelsea, -10.7pc
2. City of London, -5.3pc
3. Guildford, -4.9pc
4. Southwark, -3pc
5. Hambleton, -2.7pc
6. North East Derbyshire, -2.4pc
7. City of Aberdeen, -2.2pc
8. Outer Hebrides, -1.9pc
9. Wandsworth, -1.5pc
10. Doncaster, -1.5pc
For more property news visit edp24.co.uk/edp-property
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