Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Insider UK
Insider UK
Business
David Dubas-Fisher & Peter A Walker

East Lothian sees the UK's highest property price rises

East Lothian is the UK's property hotspot at the moment.

House prices in the local authority just east of Edinburgh rose 17.2% in April. That’s up from 9% in March and 5% in February.

Fylde in Lancashire had the next largest annual increase at 15.5%, up from 14.9% in March.

That’s followed by Melton (13.3%), Swindon (12.4%), Inverclyde (12%), West Devon (11.7%), and Merthyr Tydfil (11.6%).

Average UK house prices increased by 3.5% in the 12 months to April 2023, down from 4.1% in March 2023.

The average price was £286,000 in April, which was £9,000 higher than 12 months earlier. However, it was £7,000 lower than the recent peak in September 2022.

But while prices in the country have been rising as a whole, some areas have seen substantial drops.

House prices in Kensington and Chelsea fell by 15.8% in April compared to 12 months earlier - the largest year-on-year drop of any local authority in the country.

Westminster had the next largest drop at 13.3%, followed by Na h-Eileanan Siar at 7.4% and the City of Aberdeen at 7%.

A total of 27 local authorities experienced a fall in the average house prices.

You can find out the situation in your area using our interactive map:

Don't miss the latest headlines with our twice-daily newsletter - sign up here for free.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.