Average home 'earned' £90 a day in the last six months

Highest price rises in Salford

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The Independent Online

The average British home rose £90 a day in value during the first half of 2014, according to Zoopla.

Its latest figures put the average value of a home in Britain at £260,488, up £16,265 compared to January.

Zoopla's report shows that property values rose in every British region with London rising fastest at 8.2 per cent, followed by the East (7.5 per cent) and South East of England (7.4 per cen). Wales and Scotland saw rises of 3.5 per cent and 1.1 per cent respectively.

The fastest prices rises were in Salford where average property values have risen 12 per cent (£14,874) to reach £138,619. Brough in Yorkshire and St Leonards-On-Sea in East Sussex have also seen big surges at 11.9 per cent and 11.8 per cent respectively.

"Homeowners up and down the country are starting to see the benefits of the recovery as home values make further headway in 2014," said Lawrence Hall of Zoopla. "Over the past few years Salford especially has prospered from job creation in the area which has helped boost the local property market. Property price growth has largely been a London and South East story until recently, so it is very encouraging to see the house price recovery broadening and the ripple effect starting to take hold further north.

"There have been a few weak spots in the market so far in 2014, like Cornwall where the strong pound has started turning those looking for holiday homes back towards foreign property markets. And towns on the England-Scotland border are likely suffering from caution amongst buyers ahead of the referendum on independence in September."


1 Salford (up 12.0 per cent)

2 Brough, Yorkshire (11.9 per cent)

3 St Leonards-On-Sea, East Sussex (11.8 per cent)

4 Brentford, London (11.8 per cent)

5 Tavistock, Devon (11.8 per cent)

6 Hunstanton, Norfolk (11.7 per cent)

7 Greenford, London (11.6 per cent)

8 Faringdon, Oxfordshire (11.5 per cent)

9 Prudhoe, Northumberland (11.5 per cent)

10 Caldicot, Monmouthshire (11.5 per cent)