House prices in Swansea increased by 7.7% last year, smashing the national average of 2.7%, according to a report by Halifax.
Swansea was ranked in the top 20 towns for highest growth, and was the only Welsh region to feature. Cheltenham saw the highest growth at 13%, with Bournemouth and Brighton completing the top 3.
At the other end of the scale, the region with the biggest fall in house prices was Perth (Scotland), while Bridgend was also named with only having a modest rise of 0.7%.
The 7.7% growth translates into an additional £11,774.00 in price of Swansea buyers – or £11,774.00 in equity for Swansea investors and home owners.
Of course, there will always be variances between the property portals, mortgage lenders and ONS, so the exact figures could differ slightly depending on who you listen to.
We will be publishing an overview of Swansea’s house and rental price data in the next few weeks. Keep your eyes peeled!
20 Towns with Biggest Increase in Average House Prices, 2016-2017
| Town/Area | Region | Average House Price £ (2016)* | Average House Price £ (2017)* | Change £ | Change % |
| Cheltenham | South West | 277,118 | 313,150 | 36,033 | 13.0% |
| Bournemouth | South West | 245,099 | 273,687 | 28,587 | 11.7% |
| Brighton | South East | 336,374 | 374,662 | 38,289 | 11.4% |
| Crawley | South East | 293,105 | 323,660 | 30,555 | 10.4% |
| Newham | Greater London | 365,438 | 402,781 | 37,344 | 10.2% |
| Peterborough | East Anglia | 200,309 | 220,623 | 20,314 | 10.1% |
| Gloucester | South West | 211,429 | 231,581 | 20,152 | 9.5% |
| Huddersfield | Yorkshire and the Humber | 171,007 | 186,988 | 15,981 | 9.3% |
| Exeter | South West | 251,085 | 273,874 | 22,789 | 9.1% |
| Nottingham | East Midlands | 177,513 | 193,397 | 15,884 | 8.9% |
| Gravesend | South East | 287,544 | 312,940 | 25,396 | 8.8% |
| Lincoln | East Midlands | 179,669 | 194,723 | 15,053 | 8.4% |
| Stockport | North West | 217,410 | 235,147 | 17,736 | 8.2% |
| Swindon | South West | 214,633 | 231,316 | 16,683 | 7.8% |
| Redbridge | Greater London | 441,167 | 475,148 | 33,981 | 7.7% |
| Swansea | Wales | 153,121 | 164,895 | 11,774 | 7.7% |
| Barnet | Greater London | 542,353 | 584,049 | 41,697 | 7.7% |
| Richmond Upon Thames | Greater London | 600,648 | 646,112 | 45,463 | 7.6% |
| Portsmouth | South East | 207,196 | 222,704 | 15,508 | 7.5% |
| Grays | South East | 270,277 | 290,422 | 20,145 | 7.5% |
| United Kingdom | 247,933 | 254,609 | 6,677 | 2.7% |
20 Towns with Biggest Fall/Smallest Rise in Average House Prices, 2016-2017
| Town/Area | Region | Average House Price £ (2016)* | Average House Price £ (2017)* | Change £ | Change % |
| Perth | Scotland | 190,813 | 180,687 | -10,126 | -5.3% |
| Stoke on Trent | West Midlands | 158,742 | 152,340 | -6,402 | -4.0% |
| Paisley | Scotland | 128,258 | 123,665 | -4,593 | -3.6% |
| Wakefield | Yorkshire and the Humber | 173,997 | 168,920 | -5,076 | -2.9% |
| Rotherham | Yorkshire and the Humber | 143,510 | 140,364 | -3,146 | -2.2% |
| Dunfermline | Scotland | 161,976 | 158,442 | -3,535 | -2.2% |
| Barnsley | Yorkshire and the Humber | 137,352 | 135,114 | -2,238 | -1.6% |
| Aberdeen | Scotland | 203,425 | 201,270 | -2,155 | -1.1% |
| Bromley | South East | 491,383 | 488,191 | -3,192 | -0.6% |
| Bradford | Yorkshire and the Humber | 132,018 | 131,505 | -514 | -0.4% |
| Leeds | Yorkshire and the Humber | 192,480 | 191,751 | -728 | -0.4% |
| Hounslow | Greater London | 439,405 | 438,497 | -909 | -0.2% |
| Sunderland | North | 144,341 | 144,085 | -257 | -0.2% |
| Stevenage | South East | 297,221 | 297,737 | 516 | 0.2% |
| Bolton | North West | 155,467 | 155,796 | 330 | 0.2% |
| Tower Hamlets | Greater London | 492,182 | 493,855 | 1,673 | 0.3% |
| Harrow | Greater London | 546,917 | 550,410 | 3,493 | 0.6% |
| Reading | South East | 379,695 | 382,331 | 2,636 | 0.7% |
| Bridgend | Wales | 157,924 | 159,091 | 1,167 | 0.7% |
| Norwich | East Anglia | 237,380 | 239,135 | 1,756 | 0.7% |
| United Kingdom | 247,933 | 254,609 | 6,677 | 2.7% |
*12 months to November
Sources: Halifax / Property Industry Eye
Related: Annual Growth up 10.5% for Swansea Rental Properties / Planning to Invest in Swansea?
