A new survey by Savills has identified the top six areas of England where property values have continued to rise, despite a general downturn in prices across the country.
1. Kensington and Chelsea – average property price £1,127,442
Fueled by overseas buyers who are taking advantage of a weak Sterling and buoyancy in their own property markets, this super rich area of London has the highest prices in the UK and a surprisingly high level of activity. No billionaire’s property portfolio is complete without a Chelsea mansion.
2. Oxshott, Surrey – average property price £909,241
The most expensive area outside central London, the neo-Georgian mansions and grand houses along leafy avenues are still in high demand, especially for families with school-age children. Leatherhead, Esher and Cobham are also highly sought-after,
3. Sandbanks, Dorset – average property price £777,230
Just one kilometer wide, this spit of land jutting into Poole harbour has risen steadily up the property ratings, as wealthy families have piled in since the 1980s. Go back a few streets from the sea and prices fall dramatically, but the magic of the coastline is intact.
4. Chelmsford, Essex – average property price £238,066
A 38 minute commute to the City, excellent schools and a shortage of available property has kept this Essex market town in demand. Young families enjoy the manageable size of the town, while retirees escape to the coast, where the semi-island of Mersea is a popular spot.
5. Harrogate, Yorkshire – average property price £245,840
Well-to-do, festooned with gardens, populated by polite and helpful folk, Harrogate represents the best of Yorkshire and has consequently above average prices. Its schools perform at the very top of the league tables and its orchestra is apparently magnificent.
6. Winchester, Hampshire – average property price £342,140
With its elegant cathedral, august public school, plethora of young families and easy access to lovely countryside (The New Forrest, The Isle of Wight), Winchester is deservedly popular with home buyers. It’s a win-winchester situation.
Original comment can be found at: http://www.theadvisory.co.uk/quick-house-sale-blog/2010/10/uk-property-values-defying-gravity/