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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

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