Cheshire East Sees Significant Increase in Average House Prices
Cheshire East, a region in the UK, has witnessed a substantial surge in average house prices in 2024. This increase has amounted to over £10,000 compared to the previous year, marking a growth rate of 3.7%. The average house price in Cheshire East has climbed from £281,590 in 2023 to £291,890 in 2024, placing it at the 15th spot on the list of regions with the most significant price hikes.
Regional Disparities in House Price Growth
Interestingly, Cheshire East is the sole Cheshire region to make it to the top 30 list, with other local authority areas like Cheshire West and Chester, Warrington, and Halton missing from the rankings. The top positions on the list are predominantly occupied by Scottish regions, particularly those around Glasgow. West Dunbartonshire, situated north of Glasgow, has experienced the highest surge in house prices, with a remarkable 6.1% increase.
Expert Insights and Observations
According to Aneisha Beveridge, the head of research at Hamptons, areas that previously struggled to recover from the 2008 financial crisis have been making significant progress in recent years. This trend is especially noticeable in Scotland, where average prices have escalated nearly twice as fast as the national average.
Breakdown of House Price Changes in 2024
Below is a detailed breakdown of the regions that have witnessed the most substantial increases in average house prices in 2024:
| Region | 2023 Price | 2024 Price | Increase | Percentage |
|———————|————|————|————–|————|
| West Dunbartonshire | £130,370 | £138,310 | £7,940 | 6.1% |
| Inverclyde | £120,860 | £127,370 | £6,510 | 5.4% |
| Renfrewshire | £152,890 | £160,090 | £7,200 | 4.7% |
| Clackmannanshire | £163,400 | £170,970 | £7,570 | 4.6% |
These figures highlight the significant variations in house price growth across different regions, shedding light on the diverse economic landscapes within the UK housing market.
