Cheltenham has highest percentage rise in house prices for 2017 according to Halifax

January 3, 2018

Latest news release from the Halifax 2nd January 2018 headlines ‘Cheltenham tops the table of 2017 house price winners’

The Gloucestershire town of Cheltenham saw the highest percentage rise in house prices of any major UK town or city in 2017, according to new research by Halifax.

Thirteen towns recorded declines in house prices in 2017, with the largest fall in Perth from £190,813 in 2016 to £180,687 (-5.3%).

Russell Galley, Managing Director, Halifax commented: “A number of towns and cities have recorded significant rises in house prices over the past year, with all of the top 20 performers recording growth of at least double the national average.

“Unlike last year, the top performers are not exclusive to London and the South East, with the top spot now belonging to Cheltenham in the South West, and towns in East Anglia, East Midlands, North West, Wales and Yorkshire and the Humber also making the list.

“The majority of towns in which house prices have dropped in the last year, are situated within Scotland or Yorkshire and the Humber. Generally speaking, property prices in these areas have been constrained by lower employment levels or relatively weaker economic conditions when compared to those areas that have seen house price growth.”

Read the news release from the Halifax 2nd January 2018 in full click here.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

what is happening to house prices
Letting Agent Talk

Smart Upgrades: Boosting Rental Property Value Without Breaking the Bank

Most landlords don’t have a vault of gold stashed away for renovations. If you do, good for you (and maybe hide it better?). But for the rest of us, improving a rental property usually means walking a tightrope between cost and ROI. So what can you actually do that won’t drain your savings, and still…
Read More →
Home and Living

Creating the Perfect Rental: Balancing Aesthetics, Functionality, and ROI

Let’s get this out of the way: “perfect” is doing a lot of heavy lifting in that title. Because, really, no rental is perfect. Not for everyone. Not forever. But if you’re aiming to create a rental that looks good, works well, and pays you back in more than just stress headaches? You’re in the…
Read More →
Letting Agent Talk

The Landlord’s Guide to Hassle-Free Maintenance and Long-Term Tenant Satisfaction

Do you own rental property? If yes, you already know that you are being put on a test: keeping things running smoothly while somehow managing not to lose your mind (or your best tenants). Maintenance. It’s not fun. But neglect it, and your rental becomes a revolving door of disappointed tenants and mounting repair bills.…
Read More →
Breaking News

Breaking Property News 22/05/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Mandatory AML checks now enforced for Landlords and Tenants From 14th May, 2025 new UK legislation requires that all landlords and tenants be screened against global sanctions and PEP (Politically Exposed Persons) lists. These checks are now a legal obligation, with no exceptions, and failure…
Read More →
Breaking News

Inheritance Tax Receipts raise £0.8 billion in one month

Inheritance tax receipts hit £0.8 billion in April 2025 according to data released by HM Revenue and Customs (HMRC) this morning. This is £97 million higher than in April of the previous tax year, and continues an upward trend over the last two decades. With such a strong start to the new tax year, predictions that Inheritance tax…
Read More →
Breaking News

Zoopla research reveals homeownership outranks marriage as top priority for UK adults

A new survey from Zoopla reveals that 48 per cent of UK renters in a relationship are prioritising saving for a home over a wedding, with this figure rising to 59 per cent amongst Gen Z The financial pressures of saving for a home have resulted in a fifth considering postponing marriage in favour of…
Read More →