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Buy to let property Investors are always looking for price growth on their investments, but which constituency has fared the best for property price growth since the last election?
Estate agent comparison website, GetAgent, looked at how property prices have fared across England and Wales since the last election by individual constituency and which party has seen the largest increase across their respective constituencies as a whole.
House Price Growth by Party
They looked at house price growth by constituency and the party within that constituency since the last election in June 2017 and found that constituencies across the big two of Labour and the Conservatives have seen the best level of house.
The Conservatives top the table with house prices across all Conservative constituencies increasing 5.3 per cent to an average of £278,360 today, while Labour came in second with a 5.1 per cent increase.
The Liberal Democrats trail with the lowest rate of house price growth since the last election (3.3 per cent), while constituencies with independent or other parties in power have seen an increase of 4.9 per cent.
Best Performing Constituencies
Political party aside, the best performing constituencies for property price growth since the last election are: –
- Birmingham Ladywood: 23.3 per cent
- Leicester South: 21 per cent
- Brent North: 19.5 per cent
- Sedgefield: 18.2 per cent
- Barnsley Central: 18.2 per cent
Worst Performing Constituencies
At the other end of the political property price spectrum the worst performing areas are: –
- Cities of London and Westminster: -10.8 per cent
- Hornsey and Wood Green: -8.5 per cent
- Lancaster and Fleetwood: -6.9 per cent
- Richmond Park: -6.3 per cent
- Putney: -6.1 per cent
Founder and CEO of GetAgent.co.uk, Colby Short, commented: ‘As we gear up for another general election we thought it would be interesting to see which areas have bucked the wider trend of market uncertainty to register the best levels of house price growth since the last one.
‘When it comes to wider political house price performance the data shows it’s a very mixed bag and while Labour hold 14 out of the best 20 performing constituencies for house price growth, they also hold 11 of the worst 20 as well, although the Lib Dems seem to the worst party for UK homeowners across the board.’