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Top 10 up and coming property areas in the UK
New research shows rural areas make for the best investment, while London boroughs dominated the bottom 10
Research from money.co.uk revealed East Cambridgeshire, Eden and Bolsover were the top three places to buy a house - taking into account property price growth, business growth, the number of young people moving to the area, transport links and regeneration.
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Whether you’re a first time buyer, looking to buy for your child, or want to be an buy-to-let landlord, then these are the top 10 up and coming UK areas to buy in.
East Cambridgeshire ranked first, with a score of 8.14/10. “The area has seen a massive property price growth of 16.5% over the last 12 months,” the report stated.
“This is coupled with reasonable 5-year regeneration figures, where income has increased by 4.5%, employment by 1.5%, and poverty decreased by 0.5%.”
Eden in Cumbria scored 7.99/10, with property price growth of 17.9% over the past year. And despite a negative change in business in the area annual income has risen 5.9% over the last five years.
The market town of Bolsover in the northeast of Derbyshire scored 7.80/10, recording the second-highest increase in business of all local authorities in Great Britain. Property prices also rose 14.9% over the last year.
The top 10 areas to buy in
Swipe to scroll horizontally
Rank
Local authority
Annual house price change
Annual income change
Annual employment change
Up and coming property score /10
1
East Cambridgeshire
16.5%
4.5%
1.5%
8.14
2
Eden
17.9%
5.9%
0.8%
7.99
3
Bolsover
14.9%
2.8%
1.4%
7.80
4
East Devon
17.3%
5.1%
2.7%
7.78
5
Argyll and Bute
25.0%
3.9%
0.0%
7.75
6
Warrington
20.4%
6.1%
1.3%
7.58
7
Dover
16.8%
5.9%
1.2%
7.55
8
Stockport
17.1%
2.4%
2.4%
7.47
9
West Lindsey
15.5%
2.0%
2.3%
7.30
10
Broadland
14.7%
4.9%
-1.0%
7.23
Source: Money.co.uk
Bottom 10 up-and-coming property areas in the UK
As well as the top 10 areas to consider, there’s also a top 10 you may want to avoid.
Data from money.co.uk annalised 353 local authorities. The bottom 10 was mostly made up of London boroughs.
Kensington and Chelsea ranked 353, with an annual house price change of -4.2%, an annual income change of -100%, and a -0.1% increase in annual employment. Overall, it scored just 1.24/10.
Hammersmith and Fulham in west London saw annual house price change of -6.5%, an annual income change of -32.7% and just a 0.9% increase in the annual employment rate.
Harrow in north west London saw a record 12.6% increase in house prices, as well as 1.2% growth in annual wages, but it did have a -0.8% decrease in annual employment.
Low scoring areas to buy in
Swipe to scroll horizontally
Rank
Local authority
Annual house price change
Annual income change
Annual employment change
Up and coming property score /10
344
Camden
-3.5%
-4.7%
1.2%
2.37
345
Aberdeen City
-2.4%
0.1%
-2%
2.31
346
Redbridge
6.3%
1.3%
0.4%
2.14
347
Westminster
-9.4%
-7.4%
1.8%
2.14
348
Ealing
4.6%
2.5%
-1.5%
2.06
349
Tower Hamlets
10.3%
0.7%
0.1%
2.02
350
Sunderland
8.7%
2.1%
-0.3%
1.94
351
Harrow
12.6%
1.2%
-0.8%
1.92
352
Hammersmith and Fulham
-6.5%
-32.7%
0.9%
1.68
353
Kensington and Chelsea
-4.2%
-100%
-0.1%
1.24
Source: money.co.uk
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Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She has previously worked for MoneyWeek.
