Mortgage rates are under increasing strain, and all eyes are on the property market to see whether house prices will continue to rise. New figures pinpoint the neighbourhoods of England where average sale prices are increasing the fastest.
The latest data from the UK House Price Index shows the average UK house price was £286,500 in April 2023, a slight rise from the previous month but £6,500 below the £293,000 all-time high recorded in September 2022.
The Office for National Statistics also divides England into thousands of smaller areas known as middle-layer super output areas. It has released new house price figures for each of these neighbourhoods for the calendar year 2022.
This allows us to pinpoint the suburbs, towns and villages which have seen house prices rise the most since the previous year.
Here are the areas of Liverpool which have seen the biggest rise in average sale prices in 2022, compared with 2021.
9. Hunts Cross
Hunts Cross saw prices rise by 17.3% in a year, with average properties selling for £275,000 in 2022. | User Rodhullandemu via Wikimedia Photo: User Rodhullandemu via Wikimedia
10. Broad Green
Broad Green saw prices rise by 16.8% in a year, with average properties selling for £271,750 in 2022. | Image: Google Photo: Google Earth
11. Walton Vale
Walton Vale saw prices rise by 16.7% in a year, with average properties selling for £140,000 in 2022. | Alexander P Kapp via Wikimedia Photo: Alexander P Kapp via Wikimedia
12. Kensington
Kensington saw prices rise by 15.0% in a year, with average properties selling for £115,000 in 2022. | User Rept0n1x via Wikimedia Photo: User Rept0n1x via Wikimedia