Back
Details Cookies
United Kingdom
Important margin product information

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.

Cookie policy

This website uses cookies to offer you a better browsing experience by enabling, optimising and analysing site operations, as well as to provide personalised ad content and allow you to connect to social media. By choosing “Accept all” you consent to the use of cookies and the related processing of personal data. Select “Manage consent” to manage your consent preferences. You can change your preferences or retract your consent at any time via the cookie policy page. Please view our cookie policy here and our privacy policy here

Press Release

House prices in home counties growing faster than London over past 12 years, new data shows

Research by investment platform Saxo analyses the inflation levels of house prices in the UK

Average house prices in home counties have grown at a considerably higher rate compared to London’s housing market since 2010, new data from Saxo shows.

Buckinghamshire’s average house prices increased by a staggering 70% from £289,764 in 2010 to £491,369 in 2022. Similarly, other home counties such as West Sussex, Surrey and Hertfordshire had around 50% increase in their housing prices since 2010. 

This is compared to London’s housing market which increased from £413,350 in 2010 to £552,775 in 2022, a rate of just 34%.

Saxo’s research follows the Bank of England’s announcement last week to raise interest rates from 2.25% to 3% last week - the biggest jump since the 1980s.

Looking at the nation’s wealthiest and poorest housing markets, according to research by online real estate firm Zoopla in 2010, experts at Saxo have calculated the difference in price in line with the Government’s latest Housing Price Index released last month.
 
Property price inflation by housing market in England (2010-2022)

Wealthiest housing markets in 2010     September 2010)August 2022Increase/
decrease

Buckinghamshire289,764491,36969.58%
Berkshire274,421418,20852.40%
Bath & N E Somerset287,332434,86051.34%
West Sussex269,774405,64950.37%
Surrey357,863537,91550.31%
Hertfordshire317,687470,27448.03%
Oxfordshire300,642441,27646.78%
Windsor & Maidenhead409,939565,53537.96%
London413,350552,75533.73%
South Gloucestershire384,102355,076-7.56%
Average percentage UK  43.29%

Poorest housing markets in 2010     20102022Increase/
decrease

Nottinghamshire137,949235,64870.82%
Staffordshire152,743
249,62063.42% 
Greater Manchester151,946 234,841 54.56% 
North Lincolnshire124,921 186,991 49.69% 
South Yorkshire137,413 192,599 40.16% 
Merseyside140,847 192,112 36.40% 
Lancashire146,079 190,592 30.47% 
Tyne & Wear150,862 189,553 25.65% 
Hartlepool124,949 137,432 9.99% 
Durham133,257 130,414 -2.13% 
Average for the poorest markets  37.90% 
Source:  2010 property prices via Zoopla: wealthiest and poorest markets, 28th September 2010, 2022 prices via Gov.uk: UK House Price Index August 2022.  All data collected on 03/11/22


Key stats

  • House prices in the wealthiest areas of England have increased by 43%, a similar figure to the poorest areas where properties have increased by 38%
  • Berkshire, Bath & North East Somerset, and West Sussex have all seen a 50% increase in their house price.
  • Out of the poorest housing markets in the UK back in 2010, Nottinghamshire saw the biggest increase by 71%, followed closely by Staffordshire and Greater Manchester, at 63% and 55% respectively.
  • Property prices in Wales have grown faster than in England, Scotland and Northern Ireland at a rate of 66%

Property price inflation by country in the UK (2010-2022)



Nation     20102022Difference
England215,82431596546.40%
Wales132,453 220,059 66.14% 
Scotland159,890 212,917 33.16% 
Northern Ireland149,795 169,000 12.82% 
    
United Kingdom164,491 229,485 39.51% 
* All data collected via Gov.uk: UK House Price Index 


Anaam Raza, of investment platform Saxo, said:

“The average house price in England has risen by almost 50% over the past 12 years with the market seeing an annual incline every year since the end of the 2009 recession.

“However, according to our data, many will be surprised to see London’s housing market growing at a slower rate - at just 34%.

“Further to this, many home counties have seen higher price rises than the capital suggesting more London-based homeowners have been leaving their city homes for the suburbs.

“On the other end of the ladder, the average home in the 10 poorest housing markets in the UK in 2010 have risen by £53,000 in 12 years - raising concerns for the affordability of properties in less affluent areas.

“The disproportionate rise in house prices compared to the standard living wage is slowly being addressed with the Bank of England announcing the biggest jump in interest rates in almost 35 years last month. This is a result of inflation hitting double-digits and a 40-year high this year at 10.1%. As inflation increases, interest rates tend to also increase, and mortgages become more expensive.”

Saxo Markets
40 Bank Street, 26th floor
E14 5DA
London
United Kingdom

Support Centre
For existing clients, please click here to request support via the Support Centre.

Have a question about our products, platforms or services? Visit the Support Centre to find answers for our most frequently asked questions. If you are still unable to locate an answer to your question, you will also find contact details for your local Saxo office to speak with a representative.

Contact Saxo

Select region

United Kingdom
United Kingdom

Trade Responsibly
All trading carries risk. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more
Additional Key Information Documents are available in our trading platform.

Saxo Markets is a registered Trading Name of Saxo Capital Markets UK Ltd (‘SCML’). SCML is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 551422. Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA. Company number 7413871.

This website, including the information and materials contained in it, are not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in the United States, Belgium or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.

It is important that you understand that with investments, your capital is at risk. Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. If you are still unsure if investing is right for you, please seek independent advice. Saxo Markets assumes no liability for any loss sustained from trading in accordance with a recommendation.

Apple, iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android is a trademark of Google Inc.