Southampton sees some of smallest house price rises

Southampton sees some of smallest house price rises

Southampton sees some of smallest house price rises

First published in News

SOUTHAMPTON has seen some of the smallest house price increases in the country over the last ten years compared to other cities, figures have revealed.

The cost of a home in the city has risen by an average of just 16 per cent since 2002 - up from £160,266 to £186,621.

Meanwhile home owners in the northern cities of Bradford and Hull can expect to sell their homes making profits of 77 per cent and 68 per cent respectively.

Portsmouth was also named in the bottom ten in the country for sale price increases over the last decade at just 25 per cent meaning the cost of an average home has gone up £31,099.

The two Hampshire cities joined Oxford, Belfast, Ely, Worcester, Londonderry, Chelmsford and Peterborough in the bottom ten, with the lowest increase of just two per cent recorded in Lisburn, Northern Ireland.

Aberdeen in Scotland recorded the highest price increase - up a whopping 94 per cent in ten years.

Meanwhile Winchester outperformed the regional average of 21 per cent by recording a 41 per cent increase in sale costs.

Buyers can expect to pay an average of £339,053 - up nearly £100,000 on 2002 prices.

The figures, part of the Halifax Cities Review, showed sale prices for city properties have increased by 38 per cent over the last ten years reflecting a demand for urban living.

But since the housing market crash of 2007, city homes have seen a 17 per cent price cut, beating the rest of the UK which has seen prices fall by 23 per cent.

The statistics show towns awarded city status by the Queen to mark the millennium, the Golden Jubilee and the Diamond Jubilee have also outperformed the country as a whole.

Martin Ellis, housing economist at Halifax, said: ''There is certainly an increasing demand for urban living. There are more jobs and it is more convenient.

“Whether it is something that will be sustained remains to be seen.''

Comments (12)

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2:58pm Sun 27 Jan 13

georgetheseventh says...

If the natives were 'nicer' maybe peeps would want to move here..but sadly they are nasty and inward thinking.
If the natives were 'nicer' maybe peeps would want to move here..but sadly they are nasty and inward thinking. georgetheseventh
  • Score: 0

3:04pm Sun 27 Jan 13

jen1 says...

In 1987, I was a kid earning £2.25 an hour and yet I managed to buy a small flat in Shirley's bedsit land. I was flat broke but I had my own place to take care of and invest in. The person doing my old job these days is denied that opportunity and I think that is a a tragedy for our youngsters.
In 1987, I was a kid earning £2.25 an hour and yet I managed to buy a small flat in Shirley's bedsit land. I was flat broke but I had my own place to take care of and invest in. The person doing my old job these days is denied that opportunity and I think that is a a tragedy for our youngsters. jen1
  • Score: 0

3:46pm Sun 27 Jan 13

Pikey-Biker says...

I could trump that but I think this conversation would end up like a Monty Python’s 4 Yorkshire men sketch
I could trump that but I think this conversation would end up like a Monty Python’s 4 Yorkshire men sketch Pikey-Biker
  • Score: 0

4:27pm Sun 27 Jan 13

Lockssmart says...

Shoebox in middle of road.
Shoebox in middle of road. Lockssmart
  • Score: 0

4:42pm Sun 27 Jan 13

Pikey-Biker says...

and working 29 hours a day
and working 29 hours a day Pikey-Biker
  • Score: 0

5:47pm Sun 27 Jan 13

dango says...

we were poor, but we were 'appy
we were poor, but we were 'appy dango
  • Score: 0

6:34pm Sun 27 Jan 13

Cyber__Fug says...

Mr Singh owns them all and wont sell them..... so he's keeping the prices down.
Mr Singh owns them all and wont sell them..... so he's keeping the prices down. Cyber__Fug
  • Score: 0

8:39pm Sun 27 Jan 13

forest hump says...

Lies, **** lies and statistics
Lies, **** lies and statistics forest hump
  • Score: 0

9:19pm Sun 27 Jan 13

Lone Ranger. says...

georgetheseventh wrote:
If the natives were 'nicer' maybe peeps would want to move here..but sadly they are nasty and inward thinking.
Bit of a generalisation !!
[quote][p][bold]georgetheseventh[/bold] wrote: If the natives were 'nicer' maybe peeps would want to move here..but sadly they are nasty and inward thinking.[/p][/quote]Bit of a generalisation !! Lone Ranger.
  • Score: 0

11:41pm Sun 27 Jan 13

Dr Strangelove says...

The housing market is toast has been for some time now. If its all great and wonderful why are there so many government props keeping prices up. Why would you keep wrecking the rest of the economy if the housing market was all good? Truth is you would not do this so the only conclusion is its going to crash anytime soon.
The housing market is toast has been for some time now. If its all great and wonderful why are there so many government props keeping prices up. Why would you keep wrecking the rest of the economy if the housing market was all good? Truth is you would not do this so the only conclusion is its going to crash anytime soon. Dr Strangelove
  • Score: 0

11:51pm Sun 27 Jan 13

kingnotail says...

Lone Ranger. wrote:
georgetheseventh wrote:
If the natives were 'nicer' maybe peeps would want to move here..but sadly they are nasty and inward thinking.
Bit of a generalisation !!
True though. It's like being stuck in the 1970s.
[quote][p][bold]Lone Ranger.[/bold] wrote: [quote][p][bold]georgetheseventh[/bold] wrote: If the natives were 'nicer' maybe peeps would want to move here..but sadly they are nasty and inward thinking.[/p][/quote]Bit of a generalisation !![/p][/quote]True though. It's like being stuck in the 1970s. kingnotail
  • Score: 0

11:10am Mon 28 Jan 13

southy says...

georgetheseventh wrote:
If the natives were 'nicer' maybe peeps would want to move here..but sadly they are nasty and inward thinking.
The real natives are very nice people, very friendly its those with money that move here from london that are not.
[quote][p][bold]georgetheseventh[/bold] wrote: If the natives were 'nicer' maybe peeps would want to move here..but sadly they are nasty and inward thinking.[/p][/quote]The real natives are very nice people, very friendly its those with money that move here from london that are not. southy
  • Score: 0

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