Woking sees biggest house price rise in 2011

Posted: 03 Jan 2012 12:44:38 GMT

The top house price performer of last year has been identified as Woking.

Woking in Surrey was the best performing town or city in the UK across 2011 with regard to house prices, new research has shown.

Carried out by Halifax, the study revealed the area witnessed the most marked rise in property costs over the last 12 months - climbing from £257,580 in 2010 to £299,654 one year later.

This marked an increase of 16 per cent for the commuter town, which is located within travelling distance of central London by train.

Other regions to score highly included Falkirk in Scotland, as well as towns in London and the south-east of England.

Martin Ellis, housing economist at Halifax - which is a division of Bank of Scotland - stated: "Whilst house prices nationally have been largely unchanged in recent months, there have been significant differences in performance in towns across the country."

The industry figure added the locations that have fared the best tend to be ones situated close to major commercial centres.
 

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