Stevenage property growth third highest in England and Wales
PUBLISHED: 12:01 14 September 2017 | UPDATED: 12:53 03 October 2017
Stevenage and Luton have experienced some of the highest house price growth in England and Wales over the past 10 years, new data has revealed.
Online estate agent HouseSimple.com compared average house prices in June 2007 and June 2017 in more than 60 major towns and cities, and Stevenage came third with average growth of 58.5 per cent.
The average property in the town increased in price from £181,475 to £287,692 during this period.
London topped the list, with 68.5 per cent growth, followed by Cambridge with 64.5 per cent.
Luton was in sixth place with 47.5 per cent growth, up from £161,661 to £238,448.
Researchers also identified the 17 towns where house prices remain below their 2007 levels, with Blackpool (-15.3 per cent) and Sunderland (-13.3 per cent) the worst affected.
Alex Gosling, CEO of HouseSimple.com said: “The last 10 years has been a golden period for many UK homeowners who have sat back and watched the value of their homes rise to record levels.
“Unfortunately, there are pockets of the UK where property prices have been literally stuck in the past. Many of these homeowners will have been in negative equity for a decade.”
Though many of our local areas weren’t included in the study, Land Registry data confirms they would have been riding high.
The average home in St Albans and Harpenden increased in value by 56.9 per cent over the past decade, from £328,879 to £515,934.
Growth was almost as strong in Welwyn and Hatfield - up by 55.7 per cent from £247,551 to £385,495.