The new Which? analysis, and interactive property price map, reveals the areas of the country which have seen the largest increase in property price in the last year, yet remain below the national average property price of £200,000. These areas on the up could be prime locations for first-time buyers or investors.
David Blake at Which? Mortgage Advisers said:
“For a first-time buyer or a buy-to-let investor, these up and coming areas can provide an affordable alternative to buying in an already established area. You could see your property grow in value quickly, but it’s important to remember that property markets can change, and there is never a cast-iron guarantee that values will continue to rise.
“A mortgage is a significant financial commitment that needs to be considered carefully. Seeking independent mortgage advice early on is vital in order to know what options are open to you.”
Use our interactive map to illustrate property prices in your postcode area:
For more information on this research and our top tips on what to look out for in an up and coming area, visit: www.which.co.uk/