Woking has been spotlighted as a key area experiencing significant growth in house prices. This discovery comes from eXp UK, a platform for estate agents, which has conducted an in-depth analysis of data sourced from the Land Registry.

The latest UK House Price Index (UK HPI) paints a somewhat gloomy picture of the national housing market, indicating a 2.1 percent decline in house prices over the past year. This drop marks the steepest annual decrease seen in the UK in over a decade. However, the data from eXp UK introduces a contrasting narrative. It reveals that while some areas in the UK are indeed experiencing falling house prices, others, including Woking, are witnessing an upswing in their property markets.

In the past three months, Woking has stood out with a substantial 2.14 percent increase in house prices, positioning it among the top areas in the country for property market growth. Only Melton, East Renfrewshire, and Middlesbrough have outpaced Woking, registering increases of 2.88 percent, 2.85 percent, and 2.18 percent, respectively.

A Local Perspective on a National Issue

Adam Day, the Head of eXp UK, offers perspective on these findings – “Recent headlines may have been dominated by the ‘worst market performance in 12 years’, but a topline view of market health simply doesn’t paint an accurate picture. In fact, across many pockets of the property market house prices have increased considerably over the last year, whilst in others, the market has also been building strong momentum in recent months. So while the national picture may suggest that the market is on its knees, this couldn’t be further from the truth and in many areas of the UK, there’s never been a better time to sell.”