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

Renters urged to understand their new rights before major law change

With just one week until the first phase of the Renters’ Rights Act comes into effect, renters across England are being urged to understand how the changes will affect their rights, tenancies and day-to-day renting experience. From 1 May 2026, the new legislation will introduce wide-ranging reforms designed to provide greater stability, clearer rights, and…
Read More →
Adding second coat of varnish floor boards
Home and Living

The Foundation of Your Home: Why Your Subfloor Dictates Your Flooring Destiny

In the field of residential and commercial renovation, the aesthetic selection of a floor covering—be it the grain of a hardwood plank, the texture of a stone tile, or the finish of a luxury vinyl—often commands the most attention. However, from a technical perspective, the long-term performance and durability of these materials are entirely dependent…
Read More →
Breaking News

Almost £1.4m difference in property prices between the start and finish lines of London Marathon

The latest property market analysis from London’s number one lettings and sales estate agency brand, Foxtons, has revealed that there’s a difference of almost £1.4m in the average sold price from the starting point of the London Marathon and the finish line. As London’s largest estate agent, Foxtons holds an unrivalled view of the London…
Read More →
Rightmove logo
Breaking News

Demand drops year-on-year for commercial property from high base

Three out of four of the main commercial property sectors saw a yearly decline in demand both in terms of leasing and investment in the first quarter of the year, amid speculation about interest rate hikes following the start of the war in Iran. According to Rightmove’s Commercial Insights Tracker for Q1 2026, the office…
Read More →
Breaking News

Property market is improving

Property market is improving, but more sellers are cutting prices and withdrawing from the market The latest market data analysis from House Buyer Bureau has found that whilst the property market is showing signs of improvement, more sellers are still being forced to cut their asking price, endure a failed sale, or withdraw from the…
Read More →
Letting Agent Talk

How much to live along the London Marathon Route

Local lettings and estate agency, Kinleigh, Folkard & Hayward, reveal the costs to live along the iconic route – from the start in Blackheath to Greenwich all the way to Tower Bridge Sunday 26th April sees the iconic London marathon – the world’s biggest annual one-day fundraising event – return to the streets of London.…
Read More →