The property market in the UK saw big growth in 2017, earning £280 billion over the course of the year. This took the total value to £8.29 trillion.
The growth translates to 3.5%, a fall from the 7.25% in 2016 but still a good figure for a period with such uncertainty. The last twelve months have been unpredictable to say the least, particularly due to the political situation. The rise in values shows how resilient the property market is though.
It is interesting to look at the specific areas that saw the highest growth in 2017. The best performer was Clevedon in North Somerset. According to figures from Zoopla, the seaside town saw the average house price grow by an impressive 11.6%. This placed it just marginally ahead of the second placed area, Ashbourne in Derbyshire.
Only one area in London made its way on to the top ten list of highest growth areas. With 10.95% Kingston Upon Thames secured the sixth position.
The most impressive thing about this result is that the London Borough had the highest average price of any of the top ten areas at £742,775. The second highest average amongst the top ten was Ilkley in West Yorkshire with £404,994.
Looking ahead to 2018, Kingston Upon Thames could remain an attractive area. It has plenty of attractions to offer including wonderful open spaces and good transport links. The community feel is a major benefit too, making it an ideal location for families.
Finefair offers a wide selection of services in London, ensuring we can support investors and landlords. One thing we have become renowned for in particular is offering the very best block management Kingston Upon Thames has to offer. We can take care of these large, challenging investments, maximising standards and complying with all legal obligations.
The level of service we offer really sets us apart and ensures we are the perfect team to work with. If you would like to find out more please contact us.