As experts warn that the increased cost of living is expected to slow down house price growth this year, Metro looks at the areas around the country where prices are expected to rise the most. In order to analyse the neighbourhoods that have potential for prices to increase, Hamptons has looked at the UK postcodes that have the biggest value gaps between the most expensive quartile of houses and the cheapest. In the north east, the Hartlepool postcode sees average property in the cheapest quartile of houses cost £53,000. This is £166,800 less than the typical price in the most expensive – a value gap of 314%. Experts add that another key indicator for potential price growth is how close an area's average house price is to its pre-financial crisis peak. Areas where prices only just exceeded 2007 levels, following rapid price growth in 2021, include Darlington, Redcar and Cleveland, and Blackpool – which are areas almost exclusively in the north of England. In the capital, London's NW1 postcode (which includes Regent's Park and Primrose Hill, but also Camden Town) has the second-largest percentage price gap in the country, at 243%. The top hotspot for the Midlands is Edgbaston's B15 postcode, in Birmingham – where the value gap is £705,000, or 186%.
Metro
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