House prices surge in Merseyside and Wales seaside hotspots amid national slump
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House prices surge in Merseyside and Wales seaside hotspots amid national slump
Seaside towns across Merseyside and Wales have become the UK’s fastest-growing property hotspots, countering a broader national slowdown in house price increases. Bootle in Merseyside leads the surge, with average asking prices rising 11% over the past year, while remaining below the national average at 141,680. Crosby follows with a 9% year-on-year increase, bringing average house prices to 330,900. In Wales, Llantwit Major recorded an 8% rise and Llanelli saw a 7% increase. Penarth near Cardiff also rose 8% to an average of 433,081, making it the most expensive among the top fastest-growing areas mentioned.
"Seaside towns across Merseyside and Wales have emerged as the UK's fastest-growing property hotspots, defying a broader national slowdown in house price increases, new analysis reveals. Bootle in Merseyside leads the surge, with average asking prices climbing by an impressive 11 per cent over the past year, according to property website Rightmove. Despite this significant rise, the average price in the town, located on the outskirts of Liverpool, remains considerably below the national average at 141,680."
"Another Merseyside location, Crosby, secured the second spot, experiencing a 9 per cent year-on-year increase, pushing average house prices to 330,900. Wales also features prominently in the top rankings, with several towns seeing substantial jumps. Llantwit Major in South Glamorgan recorded an 8 per cent rise, while Llanelli in Carmarthenshire saw a 7 per cent increase."
"Prices are also on the rise in Penarth, near Cardiff (Getty/iStock) Penarth, near Cardiff, saw an 8 per cent increase to an average of 433,081, making it the most expensive in the top 10 fastest-growing areas and the only"
Read at www.independent.co.uk
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