Woking house prices 'up 16% in a year'Tuesday, 03 January 2012 10:49
We have serious property envy of homeowners in Woking this morning, as a report comparing 130 towns found the Surrey town was the top performer house-price wise in 2011. The average price in Woking was 16% higher than in the previous year.
The Halifax Town House Price Survey of the UK is compiled using information sourced from the bank's own extensive housing statistics database and surveys 130 post-towns across the UK.
The results show that the average selling price in Woking increased from £257,590 in 2010 to £299,654 in 20111.
It seems proximity to large cities is a factor. Woking is a popular commuter town within easy reach of central London by rail. Falkirk in Scotland experienced the second biggest rise in house prices with a 12% gain. It is within commuting distance of Glasgow.
Martin Ellis, housing economist at Halifax, said: “The majority of towns that have fared worst in house price terms are outside southern England where economic conditions have tended to be less favourable.
"Uncertainty around the economy is unusually high as we go into the New Year. This makes it especially difficult to predict the course of house prices over the next 12 months.”