House prices in ‘commuter hotspot’ Walton are rising at the third fastest rate in the country, a new survey has revealed.
Prices soared by 7.51 per cent in the leafy Surrey town, which was only beaten by Southsea, Hampshire and Godalming, according to Leaders estate agents.
The top ten was completed by towns in Buckinghamshire, Hampshire, Essex, Suffolk and Sussex – all counties in the south of England.
A lack of supply and increasing demand helped drive up prices across the UK, the estate agents’ national sales director said.
Kevin Shaw added: “Such considerable growth in areas like Godalming is proof that the UK property market is extremely robust and continues to perform extremely well, despite the uncertainty caused by Brexit and the recent triggering of Article 50.
“With positivity sweeping through the market, Godalming is far from the only town to witness huge house price increases this year.
“Seaside towns such as Eastbourne and Clacton-on-Sea, along with historic cities like Winchester and commuter hotspots such as Walton-on-Thames all made our top 10, underlining the fact rises in house prices have been felt in all locations and all types of towns.
“Sellers can be confident of getting a great price for their homes and achieving a quick sale, while buyers need to act quickly to secure their preferred property.”
The top 10 places where house prices have risen in the last year are:
- 1) Godalming, Surrey: 10.16 per cent
- 2) Southsea, Hampshire: 7.67 per cent
- 3) Walton-on-Thames, Surrey: 7.51 per cent
- 4) Buckingham, Buckinghamshire: 7.49 per cent
- 5) Winchester, Hampshire: 7.25 per cent
- 6) Braintree, Essex: 6.88 per cent
- 7) Ipswich, Suffolk: 6.84 per cent
- 8) Clacton-on-Sea, Essex: 6.72 per cent
- 9) Eastbourne, East Sussex: 6.58 per cent
- 10) Witham, Essex: 6.47 per cent
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