Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property Industry Eye. Read the original article for full details.
Falkirk Leads UK Asking Price Growth in Rightmove City and Commuter Market Analysis
A new analysis by Rightmove has revealed that commuter hotspots around Glasgow and Manchester account for ten of the 15 strongest performers for annual asking price growth among markets surrounding six major UK cities.
The property portal examined listed price trends across London, Manchester, Birmingham, Bristol, Glasgow, and Cardiff, as well as their surrounding commuter markets. Falkirk recorded the strongest annual growth, with average asking prices rising 13.5% year-on-year to £183,596.
More affordable markets featured prominently among the top performers, with 11 of the top 15 locations recording average asking prices below £250,000. Notable examples include Rochdale at £238,115 and St Helens at £192,570.
In contrast, several higher-priced commuter locations in the south experienced declines. Haywards Heath saw the largest drop, with average asking prices down 4.8% to £461,066. Maidenhead followed with a 3.9% decrease to £571,686, and Bath saw a 3.8% fall to £508,109.
Within the six major cities themselves, asking price growth was generally more subdued. Glasgow recorded a 2.9% annual rise to £191,530, Manchester increased by 1.8% to £261,212, and Cardiff rose by 1.4% to £285,596. Meanwhile, average asking prices fell by 0.6% in both Birmingham (£251,340) and Bristol (£375,205), while London recorded a 3.1% decline to £646,451.
For letting agents and inventory clerks, these trends highlight shifting demand patterns, with affordability and commuter access driving growth in certain regions, while higher-priced southern commuter areas see reduced asking prices.
Source: Property Industry Eye