Newham, East London, sees UK’s biggest house price rise
Newham in east London experienced the biggest rise in property values during 2015, according to Halifax, as buyers priced out of the heart of the capital looked for houses within commuting distance of the city.
Stamp duty changes have made it more expensive to buy houses at the top end of the market, meaning Kensington and Chelsea was among the top 10 areas showing the weakest property growth last year, with prices up just 1%.
In contrast, prices in Newham jumped 22%, while Royston in Hertfordshire and the London boroughs of Redbridge, Enfield, Croydon and Bexley were also in the top 10 risers.
Merthyr Tydfil in south Wales was the worst performer in the Halifax survey, with prices down 3.8%, followed by Colwyn Bay in north Wales, and Durham, north-east England.
Halifax’s ...
