House Prices Up £55,800 In Five Years.

House Prices Up £55,800 in Five Years.

UK homeowners enjoy significant five-year value boost.

UK homeowners have received a welcome boost, as new data reveals that the average property has gained an impressive 20% in value since June 2020 – that’s an increase of £55,800 in just five years. It’s a positive sign that the property market remains strong, resilient, and full of opportunity.

The figures highlight a remarkable post-pandemic recovery, with 80% of UK homes seeing at least a 5% rise in value. Even more encouraging, 1 million homes have gained 50% or more – averaging an eye-watering £117,400. For homeowners, this represents a substantial increase in equity and greater financial security.

Regions like the North West, Yorkshire and the Humber, and Wales have seen the most dramatic increases, driven by changing lifestyle preferences and the search for better affordability.

Rochdale, Bolton, and Oldham stand out in the North West, while South Wales hotspots like Blaenau Gwent and Merthyr Tydfil have also experienced exceptional growth.
While growth in the South has been more modest, the value gains are still significant. High property prices in areas like the South East and desirable coastal regions mean even a smaller percentage rise has equated to an average uplift of £62,000.

The increase in property values across the UK is great news for both existing homeowners and those thinking of selling. For buyers, it also reinforces the importance of getting on the property ladder, with long-term gains proving worthwhile.

In short, the past five years have been good to the UK housing market. Whether you’re in the North, South, or somewhere in between, chances are your home has seen a welcome rise in value – and that’s something worth celebrating.

Call us today if you would like a conversation and a free valuation.

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