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

Breaking Property News 20/12/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Why estate and letting agents must embrace innovative technology in 2025   As we step into 2025, the UK property market continues to shift, and estate agents face mounting pressure to meet the evolving expectations of buyers and sellers. The days when static images sufficed…
Read More →
Breaking News

Breaking Property News 19/12/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   High street Auctions’ initiative launches to revive Britain’s town centres   This month the UK Government rolls out its highly anticipated ‘High Street Auctions’ scheme, a flagship measure of the Levelling Up and Regeneration Act 2023. This initiative grants local authorities the power to take…
Read More →
Estate Agent Talk

Moving Up In The World: Finding Your Dream Home

Finding your dream home is one of life’s most exciting and transformative experiences. Whether you’re looking to upsize, relocate, or finally purchase that ideal property you’ve always envisioned, the journey is both thrilling and filled with important decisions. As you embark on this path, it’s essential to plan carefully, consider your priorities, and approach the…
Read More →
new build home fronts
Breaking News

These cities are the keenest to move house in 2025

Bournemouth is the keenest area in the UK to move home, with 38,132 average monthly searches for moving-related topics per 100,000 residents. Plymouth is second, with 35,198 average monthly searches for moving, and Birmingham is third, with 35,181. Derry is the least keen area to move house, with only 3,170 average monthly searches related to…
Read More →
Love or Hate Rightmove
Breaking News

Number of rental enquiries still double pre-pandemic, as rents predicted to rise 3%

The average number of enquiries sent to agents about each available property they have to rent is still nearly double the level it was in 2019, despite improvements in the balance between supply and demand: Each available property receives an average of 11 enquiries, nearly double the 6 at this time in 2019 This is…
Read More →
bank of england interest rate
Breaking News

Response to the Bank of England interest rates decision

Response to the Bank of England interest rates decision, thoughts from the Industry Rates were left unchanged at 4.75% MPC voted 6 to 3 in favour of holding rates flat, with three members preferring to cut rates by 0.25% to 4.5% In the near-term inflation is expected to “continue to rise slightly” The market was expecting rates to remain…
Read More →