Average Welsh home grew in value by £23.79 daily in 2020

THE average Welsh home added £23.79 per day to its value in 2020, analysis has found.

Across the whole of 2020, this adds up to an increase of around £8,700.

Of the UK nations, Wales’ increase per day was second only to that of England’s average of £30.16. The figure for Northern Ireland was £15.23 and Scotland’s £12.04, Zoopla said.

It added that the total value of housing in London passed the £2 trillion mark in 2020, now standing at £2.03 trillion. The total value of the UK’s housing stock is now £9.06 trillion, Zoopla said.

The average London property increased in value by a substantial £19,609 in 2020.

Outside London, the biggest cash increases in average property values across 2020 were in Windsor (£29,063), Altrincham (£23,772), Penzance (£23,437) and St Albans (£23,410).

Grainne Gilmore, head of research at Zoopla, said: “The data reflects an increased demand for additional indoor and outdoor space, and some rural locations have seen a rise in activity levels as those no longer constrained by a daily commute look for a different style of living.

“These factors, coupled with the stamp duty holiday, has led to one of the busiest Christmas housing markets in a decade, and has underpinned price rises of nearly 4% this year.”

Here are the average cash increases in property values per day in 2020, according to Zoopla, ranked from highest to lowest:

1. London, £53.58

2. South-East England, £34.29

3. South-West England, £31.89

4. East of England, £27.62

5. East Midlands, £25.88

6. North-West England, £24.75

7. Wales, £23.79

8. West Midlands, £23.43

9. Yorkshire and Humber, £22.76

10. Northern Ireland, £15.23

11. North-East England, £13.89

12. Scotland, £12.04