Motherwell Named Among Last Year’s Property Hotspots
The property Hotspots for 2018 where house prices have risen by more than 10% have been reported by Zoopla, and Motherwell comes in at number 10 on the list.
At the top of the list was Ryde, where properties grew in value by 10.24 per cent, the average UK home’s value climbed by a far lower £2,860, Zoopla’s figures showed. The next biggest gain was seen in Smethwick, close to Birmingham, in the West Midlands, up 9.67 per cent to an average price of £163,627.
Overall UK house price inflation has eased this year, making it the first in which the rising cost of buying a home has not dramatically outstripped wages since 2012.
Zoopla used values data, which draws on sold prices in order to calculate how different parts of Britain fared. In the UK the value of property went up by 1.02 per cent this year but with large variations in house price inflation across the country.
Scotland fared very well last year, with a 6.4 per cent rise in property values, while in Wales they climbed 3.98 per cent, but in England gains were a marginal 0.58 per cent.
Motherwell saw a rise of 6.74 per cent making the average property price £146,307.
To find out more about living in Motherwell, contact our friendly team at Clyde Property Bothwell.
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