Research from conveyancing firm Muve indicates that County Durham is the top location for property investment, leading a list of 313 areas. The county recorded an average property price of £138,767 and an annual growth rate of 4.7%.
New-build activity in County Durham saw a 39.1% increase over the last two years, with 3,073 homes completed. Cumberland and Northumberland followed, taking second and third positions, contributing to 28 of the 50 highest-ranked areas being in the North of England.
Among southern areas, North Somerset was the highest-ranked at ninth nationally, experiencing a 6.1% rise in house prices. West Suffolk ranked 19th, with an average property price of £298,038 and new-build growth of 35.7%.
Birmingham recorded the highest total of new homes in the study, with 8,352 completions over the past two years, followed by Leeds with 7,187. Hartlepool, Burnley, and Blackpool were among the lowest-priced locations, with average house prices of £129,129, £129,556, and £134,732 respectively.