County Durham ranked UK’s top emerging property hotspot, analysis finds – The Intermediary
The average across the study was £321,337.
More than half (56%) of the top 50 locations were in the North of England.
North Somerset was the highest-ranked area in the South, placing ninth overall.
West Suffolk ranked 19th, with an average house price of £298,038 and new-build growth of 35.7%.
Birmingham recorded the highest number of new homes over the previous two years, at 8,352, up 6.4% year on year.
Leeds followed with 7,187 new homes, while Newham recorded 5,612.
Manchester and Salford completed the top five.
Lewisham recorded the largest year-on-year rise in new builds at 698%.
Stevenage and Southampton posted increases of 326% and 271% respectively.
Hartlepool had the lowest average house price in the analysis at £129,129, followed by Burnley at £129,556 and Blackpool at £134,732.
County Durham added 3,073 homes over two years, while Sunderland added 1,535 and Hartlepool added 1,047.
Pendle recorded an average house price of £150,737 and a life satisfaction score of 7.95.
Flintshire’s average price was £214,009 and its life satisfaction score was 8.08.
David Jabbari, chief executive at Muve, said: “It’s great to see a diverse range of credible moving locations across the country, from the overall index leader, County Durham, to Birmingham, where the number of new builds popping up creates less competition for homeowners.
“It’s the combination of both factors that signals genuine opportunity for buyers: somewhere still affordable but with enough new housing being built to suggest that the area is on a developer’s radar, and increasingly on a buyer’s shortlist too.”
