HOUSE PRICES: how the cost of property has changed in Peterborough

House prices in Peterborough continue to raise above the national average
House prices in Peterborough continue to raise above the national average
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The general trend of rising house prices is continuing, with the average UK property reaching £223,807 in October, an increase of 4.5% annually.

England continues to see the biggest price increase compared to the rest of the UK, with house prices increasing by 4.7% over the year to October, reaching £240,860 on average.

Peterborough continues to rise at well above this rate however, growing by 7.8% over the first 10 months of the year.

The average house price in the city is now £184,101.

The area showing the largest annual growth was Swale in Kent, where house prices incresed by 15.5% to reach £254,831 on average.

The lowest annual growth was recorded in Hartlepool, where average prices fell by 6.1% to an average of £98,712.

The City of London meanwhile has seen a growth of 12.2%, with prices standing at an average £889,728.

Wales saw average house prices increase by 4.5% to reach £153,316.

Gwynedd has seen a 10.6% increases in their average house prices, to reach £158,721, while Rhondda Cynon Taf saw the least growth, a -1.3% fall to see average house prices of £102,707.

Scottish house prices however dropped by -0.7% on average in October compared to September, but they remain up by 2.8% for the year.

Na h-Eileanan Siar saw the largest increase in Scotland, recording a rise of 11.6% to £110,441.

The market in Edinburgh remains strong, with the average price rising 8.5% to £247,568.

Prices in Aberdeen continue to decrease, with the average property now costing £164,655, down 4.0% on last year.

The average price in Northern Ireland stands at £132,169, an increase of 6% over the year.

Average prices/annual change:

England: £240,860 / 4.7%

Scotland: £143,544 / 2.8%

Wales: £153,316 / 4.5%

Northern Ireland: £132,169 / 6.0%

House prices by city

Aberdeen: £164,655 / -4.0%

Bristol: £279,286 / 6.3%

Birmingham: £176,014 / 7.0%

Bradford: £137,345 / 3.8%

Brighton and Hove: £363,561 / 5.5%

Cardiff: £199,747 / 5.5%

Coventry: £178,258 / 9.0%

Dundee: £122,235 / 2.9%

Edinburgh: £247,568 / 8.5%

Glasgow: £122,116 / 4.6%

Hull: £108,497 / 2.9%

Leeds: £173,465 / 2.6%

Leicester: £162,580 / 7.3%

Liverpool: £129,564 / 9.7%

London: £889,728 / 12.2%

Manchester: £169,018 / 8.9%

Newcastle upon Tyne: £153,238 / -2.9%

Norwich: £197,548 / 2.8%

Peterborough: £184,101 / 7.8%

Plymouth: £174,334 / 5.8%

Portsmouth: £208,473 / 8.2%

Preston: £129,542 / 4.3%

Salford: £149,727 / 5.0%

Sheffield: £160,960 / 7.8%

Sunderland: £117,045 / 3.9%

Wakefield: £141,433 / 3.7%

York: £244,560 / 5.0%

The UK House Price Index (UK HPI) is calculated by the Office for National Statistics and Land & Property Services Northern Ireland.