The towns and cities where house prices have increased the most and least in 2022 have been revealed.
According to research by Halifax, the area which has seen the highest price hike for its properties was York.
This North Eastern part of the UK saw house prices rise on average by 23.1% over the last year with the average cost of a home rising by £69,648 to £370,639.
Since March 2020, the average house prices in York have surged by 41.9% or £109,457.
With its good links to central London, the South Eastern town of Woking took second place on this list seeing a rise of 19%.
This has taken the average price of a property up by £93,626 from £493,299 to £586,925.
Halifax says that Woking saw the biggest average house price increase of any town or city in cash terms in 2022.
Swansea in South Wales takes the third spot with house prices in the city rising on average by 17.5% or £39,450 to £265,379.
Some areas however did not see the rapid increase others saw this year. The East Midlands town of Leicester saw house prices drop by 3.6%.
The fellow North Eastern town of Hull saw property prices fall by 2.9%, while Maidenhead house prices were down by 2.2%.
The figures from Halifax show the change in the 12 months to November 2022.
Kim Kinnaird, mortgages director, Halifax, said: "Overall 2022 was another year of rapid house price growth for most areas in the UK and unlike many years in the past, the list isn't dominated by towns and cities in the South East.
"Nowhere is that more the case than in the cathedral city of York, while existing homeowners will welcome the increased value of their home, such a jump makes it much more challenging for those looking to step on to the property ladder or move into the city.”
"We can see this clearly in commuter towns such as Woking, Chelmsford and Hove, which - with their more diverse range of properties perhaps offering better value - recorded much bigger increases over the last year."
Tom Bill, head of UK residential research at estate agent Knight Frank, added: "This year saw the 'escape to the country' trend and York captures the best of both of those worlds.
“Many people moved to Yorkshire during the pandemic due to family ties and the relative affordability compared to areas such as the Cotswolds.
"Meanwhile, the strength of south-east England underlines the gravitational pull of the capital as the economy reopens.”
Places in England and Wales with the strongest annual increase in house prices
Figures show average house prices and the change in the 12 months to November 2022.
- York, Yorkshire and the, Humber, £370,639, £69,648, 23.1%
- Woking, South East, £586,925, £93,626, 19.0%
- Swansea, Wales, £265,379, £39,450 17.5%
- Chelmsford, East of England, £485,770, £69,775, 16.8%
- Kettering, East Midlands, £326,895, £44,731, 15.9%
- Derby, East Midlands, £277,491, £37,953, 15.8%
- Wellingborough, East Midlands, £306,985, £41,087, 15.5%
- Peterborough, East of England, £289,994, £37,599, 14.9%
- Bristol, South West, £394,126, £50,864, 14.8%
- Cambridge, East of England, £531,730, £68,586, 14.8%
- Brentwood, East of England, £533,327, £66,998, 14.4%
- Bournemouth, South West, £365,148, £45,559, 14.3%
- Hove, South East, £526,201, £65,255, 14.2%
- Colchester, East of England, £377,003, £46,208, 14.0%
- Birmingham, West Midlands, £269,385, £32,563, 13.8%
- Milton Keynes, South East, £416,496, £49,594, 13.5%
- Newcastle-upon-Tyne, North East, £260,675, £30,157, 13.1%
- Nottingham, East Midlands, £286,696, £32,966, 13.0%
- Southampton, South East, £316,286, £36,151, 12.9%
- Cheltenham, South West, £406,767, £45,972, 12.7%
Places in England and Wales with the weakest annual increase in house prices
Figures show average house prices and the change in the 12 months to November 2022.
- Leicester, East Midlands, £271,092, -£10,212, -3.6%
- Hull, Yorkshire and the Humber, £163,677, -£4,956, -2.9%
- Maidenhead, South East, £549,722, -£12,326, -2.2%
- Stoke-on-Trent, West Midlands, £183,928, -£3,149, -1.7%
- Islington, London, £712,843, £3,059, 0.4%
- Tower Hamlets, London, £530,056, £3,582, 0.7%
- Westminster, London, £770,517, £6,510, 0.9%
- Lambeth, London, £601,372, £8,224, 1.4%
- Weston-Super-Mare, South West, £264,569, £3,649, 1.4%
- Hackney, London, £639,995, £10,743, 1.7%
- Harlow, East of England, £348,180, £6,227, 1.8%
- Warrington, North West, £282,457, £5,079, 1.8%
- Huddersfield, Yorkshire and the Humber, £253,105, £4,773, 1.9%
- Oldham, North West, £220,427, £4,309, 2.0%
- Newport (City of), Wales, £247,245, £5,645, 2.3%
- Wakefield, Yorkshire and the Humber, £243,589, £5,754, 2.4%
- Southwark, London, £620,472, £15,043, 2.5%
- Lewisham, London, £519,971, £13,558, 2.7%
- Gloucester, South West, £286,914, £7,760, 2.8%
- Camden, London, £773,263, £22,145, 2.9%
Average house price changes in England, Wales, Scotland and Northern Ireland
Figures show average house prices and the change in the 12 months to November 2022.
- East Midlands, £292,427, £23,481, 8.7%
- East of England, £421,710, £43,431, 11.5%
- London, £596,667, £39,877, 7.2%
- North East, £221,983, £17,776, 8.7%
- Northern Ireland, £210,550, £21,560, 11.4%
- North West, £268,573, £23,442, 9.6%
- Scotland, £242,213, £23,814, 10.9%
- South East, £477,003, £58,970, 14.1%
- South West, £364,759, £39,025, 12.0%
- Wales, £257,695, £20,669, 8.7%
- West Midlands, £298,193, £26,801, 9.9%
- Yorkshire and the Humber, £259,031, £21,999, 9.3%
