Yahoo Finance The 19 towns and cities where house prices have risen more than 250pc this century
Southend-on-Sea is the unlikely top-performer in the UK property market over the past 18 years, with average house prices in the Essex resort town rising by 287pc.
Home to the longest leisure pier in the world, Southend-on-Sea's property prices have risen faster than in any town or city in the UK outside of London, since the turn of the century, according to Land Registry figures.
In fact, four of the five biggest price growth areas outside of London since 2000 have been in the east of England, with property prices in Cambridge, Luton, and Basildon increasing by 279pc, 276pc and 274pc, respectively.
Of course, London's property market has boomed more than any other in Britain. Research by online estate agent HouseSimple.com found that average prices in the capital had risen 271pc since the start of the millennium, with the boroughs of Waltham Forest (364pc), Hackney (339pc) and Lewisham (331pc), experiencing the biggest gains.
"We wanted to look at how house prices had fared across the rest of the country, as London is often viewed as a stand-alone property market, but is not reflective of the UK as a whole," said Sam Mitchell, chief executive of HouseSimple. "In the middle of this 18-year period, we experienced one of the worst recessions this country has ever seen. It shows the resilience of the UK property market."
The research identified 19 UK towns and cities where average prices have increased by at least 250pc since January 2000. Only two of those towns – Salford and Sale – are in the north of England, and both are in Greater Manchester.
In the past couple of years, however, areas in the north of England have registered some of the strongest rates of house price growth. Birmingham, Manchester and Newcastle all recorded stronger house price growth in 2017 than London and most of the south of England.
