What has happened to residential property prices since the last general election just two years ago? On a national scale, the data points to stagnation, but what about on a local level?
The last general election was just 29 months ago, and the country will return to the polls next month to elect a new government.
Although little time has passed since June 2017, the political landscape has changed markedly during that time, along with property prices - in some areas.
Fresh research from estate agent comparison site, GetAgent.co.uk, has looked at house price growth by constituency since the last election, where has seen the best and worst performances.
The study found that the best performing constituencies for house price growth since the last election are: -
+ Birmingham Ladywood: 23.3%
+ Leicester South: 21%
+ Brent North: 19.5%
+ Sedgefield: 18.2%
+ Barnsley Central: 18.2%
The worst performing areas are the Cities of London and Westminster: -10.8%, Hornsey and Wood Green: -8.5%, Lancaster and Fleetwood: -6.9%, Richmond Park: -6.3% and Putney: -6.1%
In terms of which political party tops the house price growth table as a whole, the Conservatives rank number one with property prices across all Conservative constituencies increasing 5.3% to an average of £278,360 today, while Labour came in second with a 5.1% increase.
The Liberal Democrats trail with the lowest rate of house price growth - 3.3% - since the last election across all constituencies, while constituencies with independent or other parties in power have seen an increase of 4.9%.
Colby Short, founder and CEO of GetAgent.co.uk, said: “As we gear up for another general election we thought it would be interesting to see which areas have bucked the wider trend of market uncertainty to register the best levels of house price growth since the last one.
“When it comes to wider political house price performance the data shows it’s a very mixed bag and while Labour hold 14 out of the best 20 performing constituencies for house price growth, they also hold 11 of the worst 20 as well, although the Lid Dems seem to the worst party for UK homeowners across the board.”
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