The areas of the UK with the highest house prices revealed

Property values in mainly rural areas have risen by 29% over the past five years, while those in predominantly urban areas have increased by 18%.

Prices of detached rural homes have increased particularly quickly over the past five years, according to Nationwide Building Society (Ian West/PA)
Prices of detached rural homes have increased particularly quickly over the past five years, according to Nationwide Building Society (Ian West/PA)

House prices have risen faster in rural areas than in urban locations over the past five years, analysis by a building society has found.

Property values in areas which are mainly rural have risen by 29% over the past five years, while those in predominantly urban areas have increased by 18%, Nationwide Building Society said.

The coronavirus pandemic and more flexible working opportunities have prompted some people to relocate to more rural areas in recent years.

In general, rural detached properties have seen the strongest rates of price growth, while urban flats have recorded the weakest price increases, according to Nationwide.

Between December 2016 and December 2021, rural detached properties increased in price by 32% on average, while urban flats typically added 6% on to their value.

Barafundle Beach in Pembrokeshire, Wales (David Davies/PA)

Some areas closely associated with tourism, including parts of Devon, South Wales, the Cotswolds and the Broads have seen particularly big price jumps recently, the report said.

This may suggest that demand may be being driven by those buying holiday or second homes.

Andrew Harvey, a senior economist at Nationwide, said: “ONS data suggests that the rate of second home ownership is significantly above average in areas such as South Hams, Pembrokeshire and Ceredigion, areas which are amongst those seeing the fastest rates of growth.”

Here are the top performing local authority areas for house price growth across Britain in 2021, according to Nationwide Building Society, and their urban/rural classifications. The figures show average house prices in December 2021 and the annual price increase:

1. North Devon, South West, rural, £326,848, 24%

=2. South Hams, South West, rural, £420,851, 22%

=2. Rushcliffe, East Midlands, rural, £355,398, 22%

4. Ceredigion, Wales, rural, £244,619, 21%

5. Camden, London, urban, £947,511, 20%

=6. Hastings, South East, urban, £271,432, 19%

=6. Pembrokeshire, Wales, rural, £231,355, 19%

=6. South Norfolk, East of England, rural, £330,003, 19%

=6. Cotswold, South West, rural, £481,402, 19%

=6. Na h-Eileanan Siar, Scotland, rural, £144,755, 19%

=11. Torridge, South West, rural, £293,098, 18%

=11. Vale of Glamorgan, Wales, urban, £287,199, 18%

=11. Mid Devon, South West, rural, £287,337, 18%

=11. Eastleigh, South East, urban, £339,946, 18%

=11. Broadland, East of England, urban with significant rural aspects, £319,182, 18%

=16. Hyndburn, North West, urban, £120,038, 17%

=16. Somerset West and Taunton, South West, rural, £286,910, 17%

=16. Maldon, East of England, rural £399,937, 17%

=16. East Hampshire, South East, rural, £451,320, 17%

=16. Wyre Forest, West Midlands, urban with significant rural aspects, £241,109, 17%

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in