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Towns with the biggest house price rises in 2020 revealed

Written by on 29 December 2020

Islington in north London has seen the fastest house price growth in 2020, with the average property up by 13.4% to GBP727,922.

The figures from Halifax also show that, at the other end of the table, the average house price in Paisley, west of Glasgow, fell by 1.7% to GBP138,036.

Outside London, the biggest movers were Leeds – the country’s second-fastest rise of 11.3% for an average of GBP247,116 – and Wolverhampton in fourth place, up 9.5% for an average of GBP217,837.

Russell Galley, Halifax managing director, said: “Much like many other things about 2020, it would have been hard to predict which areas would see the greatest movement in average house prices this year.

“For example, depending on the borough, you could be looking at the biggest price rise or the biggest falls in the capital.

“House prices have leapt by more than 11% in Yorkshire’s great cosmopolitan city of Leeds and almost 10% in Wolverhampton at the heart of the Black Country.

“Further North, Doncaster and Inverness have also seen healthy growth and whilst the overall house price trend this year has been upward, anyone looking to buy in Paisley, Hackney or Aberdeen will find homes cost a little bit less than last year.”

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Greater London had nine of the top 20 places for house price rises – Croydon saw a 10.9% rise to GBP397,538, compared with a rise of just 1% the previous year; Hounslow was in fifth place with a 9.1% rise for an average of GBP523,659.

But some other London areas saw a fall in average prices – Hackney homes fell in price by an average of 1.5%, which was the second-biggest fall after Paisley.

Elsewhere in Scotland, Glasgow house prices cooled by 1.7%, while Aberdeen and Falkirk also both saw falls – down 1.4% and 0.8% respectively.

The capital, Edinburgh, saw house prices climb by 6% for an average price of GBP274,246 and Inverness was Scotland’s biggest mover – up by 8.1% to an average of GBP195,534.

Top 20 risers:

1. Islington – 13.4% to GBP727,922
2. Leeds – 11.3% to GBP247,115
3. Croydon – 10.9% to GBP397,538
4. Wolverhampton – 9.5% to GBP217,837
5. Hounslow – 9.1% to GBP523,659
6. Doncaster – 8.8% to GBP176,728
7. Inverness – 8.1% to 195,534
8. Bournemouth – 7.7% to GBP310,205
9. Watford – 7.7% to GBP460,102
10. Romford – 7.6% to GBP391,000
11. Grimsby – 7.5% to GBP168,035
12. Richmond Upon Thames – 7.5% to GBP762,749
13. Kingston Upon Thames – 7.4% to GBP599,317
14. Bolton – 7.1% to GBP181,853
15. Belfast – 7.1% to 190,486
16. Lambeth – 7% to GBP618,445
17. Sutton – 6.9% to GBP468,180
18. Newcastle Upon Tyne – 6.6% to GBP213,887
19. Hillingdon – 6.3% to GBP493,671
20. Edinburgh – 6% to GBP274,246