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

Breaking News

Interest rates matter, but asking price is still what sells a home

Homes priced right first time find a buyer in around five weeks, while overpriced homes take three months longer, and new LRG research shows what buyers are looking for. The Bank of England’s latest decision to hold interest rates is welcome news for buyers and sellers, providing greater stability and confidence for those considering a…
Read More →
Tips when buying at property auctions
Breaking News

Three-bedroom homes dominate Britain’s quick-sale market

The latest industry insight from the House Buyer Bureau reveals that the East and West Midlands are Britain’s quick sale hotspots, with three-bedroom homes proving the most common property type when it comes to quick-sale activity. House Buyer Bureau’s internal data* shows that in 2025 the company had contact with, and made a firm offer…
Read More →
Breaking News

£3bn tenant deposit shake-up on the cards

Tenant deposit money could be affected by plans to abolish insured deposit schemes   The latest research from The Letting Partnership has revealed that more than £3bn worth of tenant deposits are currently protected via insured tenancy deposit schemes across England and Wales, highlighting the scale of the transition facing the lettings sector should the…
Read More →
Breaking News

Brexit housing market winners and losers

England can’t keep pace with the other home nations And the south of England falls well behind the north   The latest research from Yopa has revealed a stark regional divide in house price growth since the Brexit referendum (June 23rd 2016), with Northern Ireland, Wales, Scotland and northern England recording some of the strongest…
Read More →
Breaking News

The Rental Market is Rebalancing

But 78% of Tenants Still Can’t Find What They’re Looking For Nine in ten landlords believe the balance of power in the rental market has shifted in favour of tenants over the last two years – yet a quarter of tenants still feel landlords hold the upper hand, according to new research from LRG. The…
Read More →
Letting Agent Talk

Dispelling the top five biggest letting agent myths

Sophie Danes, Group Director of Property Management, Lomond   This year has seen the introduction of the seismic Renters’ Rights Act (RRA) as well as other changes affecting the private rented sector (PRS) coming into force, such as the rollout of Making Tax Digital (MTD). As a result, more than ever before, there is a lot of information and speculation surrounding the sector making…
Read More →