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Sidcup in south-east London saw property prices rise by an average of £11,761 since the start of 2018, marking it out as the UK town increasing fastest in price.
Sidcup’s property prices have risen by a sizeable 2.89 per cent this year, according to figures from property website Zoopla. Three more Southern locations made the top spots, with Heathfield in East Sussex seeing growth of 2.87 per cent, and Wallingford in Oxfordshire up by 2.84 per cent. Finally, Glastonbury in Somerset saw 2.81 per cent growth. The top five was then completed by Darwen in Lancashire, which saw house prices rise 2.81 per cent.
At the other end of the scale, Immingham in Lincolnshire saw a decline of 1.71 per cent, followed by Esher in Surrey which saw a 1.12 per cent drop.
The average British home has risen in value by £3,917 in value since the onset of 2018, according to the figures. The UK’s property market added £114billion to its value in the first quarter and it is now worth an estimated £8.3trillion. During the same period in 2017 the market shrank by £29bn.
Regionally, the North West led the way, with average values up 1.85 per cent or £3,552 to £195,949 during the first quarter of 2018. In second and third spots were the East Midlands and Yorkshire and the Humber. Each region saw growth of both 1.58 per cent, equating to £3,357 and £2,750 respectively.
In contrast, Wales saw values increase by just 0.11 per cent, equating to £203. Scotland saw a modest growth of 0.17 per cent or £331 to £189,628. Finally, the South West reported the third slowest growth at 1.38 per cent or £4,162 to £306,009.
Lawrence Hall, a spokesman for Zoopla, said: ‘Home owners may be relieved to see that the market has had a more positive start to 2018 than 2017.’