The UK property pockets where house prices are up 400%+ in two decades, 100% in the last decade alone

February 25, 2020

The latest research by lettings and sale agent, Benham and Reeves, has revealed that London has seen the largest increase in house prices of all UK regions in the last decade, up 83% and a huge 308% since the turn of the Millennium.

The latest and last Land Registry house price index including data for 2019 has just been released shining a light on house price performance over the full year, the decade and last twenty years.

Benham and Reeves crunched the numbers to look at the average yearly house price and how this has changed over the last decade and the last two decades.

The numbers show that across the UK property prices are up some 43% in the last ten years, although growth this Millennium has already hit 197% despite a huge market correction during the financial crash in 2007.

London in the last decade

Over the last decade, Waltham Forest is the borough to have helped drive this price growth within the capital to the largest extent, with prices increasing by 111%. The City of London has also seen one of the largest increases in the last decade up 104%, along with Haringey (99%), Hackney (97%) and Lewisham (94%).

Believe it or not, Hammersmith and Fulham has seen the lowest rate of house price growth in the last ten years, with prices up just 65%. Tower Hamlets and Hounslow have also seen some of the lowest increases.

London since the turn of the Millennium

Hackney tops the table for price growth since the turn of the Millennium with an increase of 427%, with Waltham Forest again ranking high (415%) along with Newham (388%) and Lewisham (385%).

The UK in the 10 and 20 years

Over the last 10 years, Cambridge (79%) Hertsmere (79%), Three Rivers (77%), Bristol (77%) and Slough (76%) have topped the table for house price growth outside of London.

Manchester (355%), Thanet (347%), Thurrock (342%), Brighton and Hove (335%) and Southend (334%) have seen the largest increases in the last 20 years.

Marc von Grundherr, director of lettings and sale agent, Benham and Reeves, commented:

“For many of us, ringing in a new Millennium may seem like it was yesterday, but since then the UK property market has continued to go from strength to strength, registering some huge increases in value not just in London, but across the UK.

This comes despite a market crash that all but re-levelled the playing field and the substantial growth that has followed in the last decade alone is proof of the market’s resilience and tenacity.

This is accentuated within the boundaries of the capital where even the worst-performing boroughs have seen property values skyrocket.

When you consider this growth against the more recent Brexit blighted backdrop that many predicted would topple the market we are far from in trouble and, with a newly rejuvenated level of confidence since December’s election, the following decade should bring more of the same where property price growth is concerned.” 

Primary level – nations
Location
2019 AveHP
2009 AveHP
1999 AveHP
10 year change
20 year change
England
£247,400
£166,559
£70,071
49%
253%
Wales
£163,689
£127,658
£50,126
28%
227%
Scotland
£151,788
£129,881
£49,924
17%
204%
Northern Ireland
£138,129
£141,384
£62,048
-2%
123%
United Kingdom
£231,215
£161,148
£77,961
43%
197%
 
 
 
 
 
 
Secondary level – regions
Location
2019 AveHP
2009 AveHP
1999 AveHP
10 year change
20 year change
London
£472,524
£257,854
£115,686
83%
308%
East of England
£290,928
£177,386
£76,768
64%
279%
East Midlands
£193,520
£134,119
£55,834
44%
247%
South West
£256,607
£178,826
£74,707
43%
243%
South East
£322,210
£201,640
£94,201
60%
242%
Yorkshire and The Humber
£163,844
£129,734
£49,490
26%
231%
North West
£164,571
£130,121
£50,145
26%
228%
West Midlands Region
£198,513
£142,190
£60,954
40%
226%
North East
£128,901
£120,955
£46,999
7%
174%
 
 
 
 
 
 
London boroughs
Location
2019 AveHP
2009 AveHP
1999 AveHP
10 year change
20 year change
Hackney
£556,561
£282,241
£105,533
97%
427%
Waltham Forest
£431,537
£204,935
£83,822
111%
415%
Newham
£363,456
£188,217
£74,526
93%
388%
Lewisham
£410,350
£211,308
£84,695
94%
385%
Barking and Dagenham
£299,686
£156,447
£65,321
92%
359%
City of London
£783,417
£383,418
£171,300
104%
357%
Haringey
£548,829
£276,214
£120,083
99%
357%
Southwark
£498,672
£261,151
£110,268
91%
352%
City of Westminster
£956,750
£532,097
£214,043
80%
347%
Camden
£834,749
£454,628
£191,091
84%
337%
Lambeth
£508,349
£267,337
£116,616
90%
336%
Brent
£484,770
£264,402
£112,157
83%
332%
Greenwich
£391,560
£210,323
£90,879
86%
331%
Merton
£507,900
£271,598
£121,901
87%
317%
Islington
£631,679
£345,284
£155,590
83%
306%
Wandsworth
£588,820
£340,373
£145,340
73%
305%
Kensington And Chelsea
£1,256,713
£705,188
£311,455
78%
303%
Redbridge
£415,068
£232,764
£102,940
78%
303%
Havering
£364,713
£205,962
£92,889
77%
293%
Bexley
£338,058
£189,051
£86,778
79%
290%
Tower Hamlets
£438,332
£258,248
£113,035
70%
288%
Enfield
£394,057
£221,993
£101,987
78%
286%
Barnet
£520,386
£299,103
£136,005
74%
283%
Croydon
£365,763
£203,706
£97,173
80%
276%
Kingston upon Thames
£486,237
£266,774
£129,697
82%
275%
Ealing
£473,336
£264,042
£126,278
79%
275%
Hillingdon
£405,173
£228,276
£108,925
77%
272%
Sutton
£373,196
£212,118
£100,870
76%
270%
Bromley
£438,406
£249,909
£120,874
75%
263%
Hammersmith and Fulham
£718,439
£435,456
£198,901
65%
261%
Hounslow
£402,167
£236,243
£112,074
70%
259%
Richmond upon Thames
£650,883
£369,390
£181,772
76%
258%
Harrow
£449,686
£263,036
£126,688
71%
255%
 
 
 
 
 
 
Best areas for 10 year growth outside of London
 
 
Location
2019 AveHP
2009 AveHP
10 year change
 
 
Cambridge
£435,409
£242,741
79%
 
 
Hertsmere
£462,457
£257,956
79%
 
 
Three Rivers
£514,591
£289,942
77%
 
 
City of Bristol
£280,437
£158,796
77%
 
 
Slough
£296,956
£168,343
76%
 
 
Harlow
£273,824
£156,433
75%
 
 
Watford
£347,013
£198,681
75%
 
 
St Albans
£506,036
£289,965
75%
 
 
Welwyn Hatfield
£391,313
£224,325
74%
 
 
Southend-on-Sea
£285,440
£163,819
74%
 
 
 
 
 
 
 
 
Best areas for 20 year growth outside of London
 
 
Location
2019 AveHP
1999 AveHP
20 year change
 
 
Manchester
£181,071
£39,835
355%
 
 
Thanet
£236,991
£53,005
347%
 
 
Thurrock
£267,574
£60,514
342%
 
 
Brighton and Hove
£364,493
£83,851
335%
 
 
Southend-on-Sea
£285,440
£65,811
334%
 
 
City of Bristol
£280,437
£65,352
329%
 
 
Hastings
£214,199
£50,073
328%
 
 
Basildon
£306,297
£72,183
324%
 
 
Rochford
£349,442
£83,248
320%
 
 
Corby
£185,821
£45,211
311%
 
 

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Estate Agent Talk

A Guide To Moving To The UK

Are you considering moving to the UK, perhaps you are relocating for work or returning after some time as an expat elsewhere. Whatever the reason, to help you begin your journey smoothly, we have compiled all the relevant information on how to relocate to the UK. This guide to moving to the UK will cover…
Read More →
Breaking News

Breaking Property News – 30/04/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Will Yardi’s multi-million gamble on WeWork the former £37Bn Unicorn pay off? The word is that Adam Neumann the enfante terrible and former co-founder is unlikely to be the new owner of WeWork as it emerges out of the gloom of its present bankrupt…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove rental tracker: 50,000 rental properties needed to bring supply back to pre-pandemic levels

Average advertised rents outside of London rise to a new record of £1,291 per calendar month (pcm), though the pace of rent growth continues to slow, with average rents now 8.5% higher than last year London rents reach a new record by two pounds, rising to £2,633 per calendar month. Average advertised rents in the…
Read More →
Letting Agent Talk

Half of Renters Don’t Know Where to Turn When Something Goes Wrong

Results come as TDS Charitable Foundation develops new service to support tenants to uphold their rights. HALF of all private renters would not know where to turn to if a landlord or letting agent failed to address a problem in a property. That’s according to interim results from a new representative survey of over 2,000…
Read More →
Estate Agent Talk

Liverpool’s Real Estate Market: What You Need to Know

Liverpool’s real estate sector presents a dynamic environment for investors, homebuyers, and tenants alike. As the city continues to expand and develop, understanding the nuances of this market is crucial for anyone looking to engage with property in the area. This article provides a comprehensive look at the current trends, investment opportunities, and potential challenges…
Read More →
Estate Agent Talk

Identifying Common Structural Issues in Balconies

Living in a city like Sydney, where a breathtaking view of the cityscape and ocean can be the crowning jewel of your property, it’s no surprise that balconies are key features sought after by homeowners. However, over time, these aesthetically pleasing elements can become a structural nightmare due to a range of issues that compromise…
Read More →