The top property hotspots in the UK have been revealed and the results might surprise and delight one North East town in particular.
The research has been carried out by Rightmove which looked at how much the average asking price for houses had gone up in the last 12 months.
And in fifth place across the whole of the UK is Bishop Auckland in County Durham which has seen a huge 11% increase.
In February 2020 the average asking price there was £121,882 while this month it has leapt to £135,736, according to Rightmove.
Paisley, a Renfrewshire town which borders Glasgow to the east, has seen the biggest increase with the average asking prices rise by 15% over the past 12 months.
Local agents report that access to nature and green spaces – both of which have become more important to home-movers since lockdown – may have contributed to the rising prices.
The average asking price of a home in Paisley is currently £126,903, which is £16,183 more expensive than a year ago.
However, asking prices in the Scottish town are £191,677 cheaper than the average across Great Britain of £318,580, and £34,619 cheaper than the Scottish average of £161,522.
Next up on the list of asking price hotspots are Lancaster in Lancashire, and Wigan in Greater Manchester, which have both seen average asking prices rise by 12% compared to a year ago.
In London, West Norwood in Lambeth was the top price hotspot, with average asking prices in the area having jumped by 12% over the past 12 months.
Next was Chelsea in Kensington and Chelsea which, like Bishop Auckland, saw an 11% increase. The asking there went up from £1,847,976 to £2,045,346, the equivalent of 15 properties in the County Durham town.
