Are you living in a property hotspot?

May 16th, 20112:45 pm @ Ben

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Are you living in a property hotspot?

The Daily Mail Online has published a map of the UK, revealing which areas are rising and falling.

In a time of wide disparity – with the high-end housing market in London booming, for example – and a slew of conflicting statistics coming out from various providers, it can be hard to gain a clear picture of the housing market, writes the Mail.

According to the map, the vast majority of regions are still suffering, with the markets in the South West, Wales, the West Midlands, the East Midlands, the North West, Yorkshire & Humberside, and the North East all falling. The only markets which register as rising are the South East, Greater London and Scotland.

However, within these wide regional trends there are of course many exceptions, and the article reports that factors such as proximity to schools and transport links are important. The article also highlights the extent to which London has broken away from the chill that has run through the country’s property market. For example, a terraced house in Kensington & Chelsea (at £2.6 million), an exclusive London borough, is now reportedly 41 times the average price for an equivalent in Blaenau, Gwent, in Wales (at £63,000).