Brexit brings bitter taste for famous food property prices

March 4, 2019

Areas of the UK famous for their culinary exports have seen house price growth slow behind that of the UK with an increase of just 6%, compared to 7% nationally since the Brexit vote.

The worst hit has been Aberdeen, although it’s likely that the declining oil industry has had the largest impact, not the Aberdeen Angus, with prices down -14% since July 2016. The Eccles cake (-9%) and the Chelsea bun (-5%) have all also seen prices fall.

But it isn’t all stomach churning, there are 16 famous food property markets that have bucked the trend to enjoy some tasty increase in house prices.

Cheddar, home of one of the nation’s favourite cheeses has seen a huge increase in house prices of 45% since the Brexit vote. The Bakewell tart has also performed well, with house prices in Bakewell up 37%.

Red Leicester, the second cheese to rank in the top five, has seen an uplift in property prices of 16% since Brexit, while home of the Pasty, Cornwall, has seen an increase of 13%, as has Worcestershire.

Other food famous areas to enjoy above average growth are Banbury, Gloucester, Everton, Wales, Lincoln, Tottenham and Melton Mowbray.

CEO and founder of OkayLah.co.uk, Paul Telford, commented:  

“It seems there is no area of the UK market that hasn’t been impacted by Brexit uncertainty to some degree, with even our best loved food-based locations seeing a slowdown in price growth as a whole.

That said, regardless of whether you look at the current property market landscape based on famous foods, price brackets and so on, the one thing that remains clear is it is diverse across the board and while some are seeing price growth slow, others are enjoying a very strong uplift indeed.”

Town
July 2016
November 2018
Change
Cheddar (Cheese)
£183,800
£265,950
45%
Bakewell (Tart)
£271,937
£373,850
37%
Red Leicester (Cheese)
£150,041
£173,827
16%
Cornwall (Pasty)
£207,515
£234,471
13%
Worcestershire (Sauce)
£190,780
£215,132
13%
Banbury (Cake)
£230,370
£259,494
13%
Gloucester (Cheese)
£182,246
£205,079
13%
Everton (Mint)
£133,888
£148,452
11%
Welsh (Rarebit)
£146,353
£161,499
10%
Lincoln (Biscuit)
£138,291
£152,285
10%
Tottenham (Cake)
£350,981
£385,941
10%
Melton Mowbray (Pie)
£203,201
£219,835
8%
Yorkshire (Pudding)
£151,334
£160,155
6%
Cumberland (Sausage)
£147,901
£155,342
5%
Eton (Mess)
£410,272
£430,630
5%
Dundee (Cake)
£119,018
£124,557
5%
Branston (Pickle)
£194,606
£202,563
4%
Brighton Blue (Cheese)
£417,545
£434,058
4%
Kendal (Mint Cake)
£205,948
£213,032
3%
Pontefract (Cake/Sweet)
£153,348
£153,586
0%
Stilton (Cheese)
£223,717
£223,717
0%
Chelsea (Bun)
£1,587,909
£1,515,826
-5%
Eccles (Cake)
£194,761
£177,691
-9%
Aberdeen (Angus)
£180,687
£154,550
-14%
Average
£265,685
£280,897
6%
UK
£215,127
£230,630
7%

END

Properganda PR

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

You May Also Enjoy

Commercial Agent Talk

Building Site Accidents and Compensation: A Guide for Injured Workers

One mistake, one faulty piece of equipment and an unsafe working setup could cause a construction laborer much more than just aches and pains. One injury can result in medical costs, showing up on working days, reduced income and a path to long recovery. Under certain circumstances, the workers may be entitled to get compensation…
Read More →
Estate Agent Talk

First-Time Buyers: Why 4–5 Houses is the Sweet Spot

House hunting before the stress kicks in: Four to five houses is the sweet spot for first-time buyers Just 20% of us feel excited on a first property viewing, rising to 47% by viewings 4 to 5 There’s a U shape trajectory of excitement when it comes to the viewing process However, there is a…
Read More →
Breaking News

Two in five mortgage holders switched banks for a better mortgage deal

Of those who have a mortgage and switched banks, 41% did so to get a better mortgage rate deal and 30% did it to receive an incentive related to their mortgage Only 15% of people moving home switched their bank account during the move, while far more switched broadband (46%), energy (38%), and mobile phones…
Read More →
Breaking News

Housing market trends highlight a changing landscape

The housing market has seen many challenges across the year to date and, in many ways, the property landscape has been a year of two extremes already.   At the start of the year, there was a quiet but optimistic consumer confidence in the air.   However, with the global economy impacting almost every aspect…
Read More →
Breaking News

Breaking Property News 7/9/26

Daily bite-sized proptech and property news in partnership with Proptech-X.     Privera uses Silex to provide its employees with a shared platform for source-based research Silex, the Swiss AI platform for legal research and productivity, today announced that Privera has selected and deployed Silex to support legal research and knowledge workflows across its nationwide real estate…
Read More →
Breaking News

Mortgage rate rises loom as major lenders reprice

Major lenders have moved to increase mortgage rates to catch up with recent rises to swap rates, according to Moneyfactscompare.co.uk analysis.   Over the coming days, more lenders are expected to review mortgage rates in response to higher swap rates, with HSBC and NatWest so far the biggest banks to increase rates since the start…
Read More →