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UK Towns See Property Value Declines
//house-home.news-articles.net/content/2026/01/28/uk-towns-see-property-value-declines.html
Published in House and Home on Wednesday, January 28th 2026 at 6:02 GMT by The MirrorLocales: England, UNITED KINGDOM
Here's the complete list, with percentage and pound value declines:
- Bognor Regis, West Sussex: -16% (-GBP27,118)
- South Shields, South Tyneside: -14% (-GBP22,865)
- Stoke-on-Trent, Staffordshire: -13% (-GBP19,727)
- Peterborough, Cambridgeshire: -12% (-GBP16,958)
- Bradford, West Yorkshire: -12% (-GBP16,434)
- Middlesbrough, North Yorkshire: -12% (-GBP15,529)
- Hull, East Yorkshire: -11% (-GBP15,736)
- Leicester, Leicestershire: -11% (-GBP14,611)
- Slough, Berkshire: -11% (-GBP14,368)
- Grimsby, North East Lincolnshire: -10% (-GBP11,746)
- Barnsley, South Yorkshire: -10% (-GBP11,243)
- Burnley, Lancashire: -10% (-GBP9,960)
- Dagenham, East London: -10% (-GBP9,625)
- King's Lynn, Norfolk: -10% (-GBP9,476)
- Dudley, West Midlands: -9% (-GBP8,216)
- Rotherham, South Yorkshire: -9% (-GBP7,630)
- Wolverhampton, West Midlands: -9% (-GBP7,529)
- Doncaster, South Yorkshire: -9% (-GBP7,395)
- Swindon, Wiltshire: -9% (-GBP6,984)
- Mansfield, Nottinghamshire: -8% (-GBP6,487)
- Scunthorpe, North Lincolnshire: -8% (-GBP5,875)
- Blackburn, Lancashire: -8% (-GBP5,492)
- Bolton, Greater Manchester: -8% (-GBP5,415)
- Pontypool, Torfaen: -8% (-GBP4,924)
- Southampton, Hampshire: -7% (-GBP4,403)
What's Driving the Decline?
Several factors are contributing to this shift. Soaring mortgage rates, triggered by broader economic conditions and efforts to curb inflation, are significantly impacting affordability. Potential buyers, particularly first-time buyers, are finding it increasingly difficult to secure loans and meet monthly repayments. This diminished demand is naturally putting downward pressure on prices.
According to Tim Bannister of Rightmove, these areas were particularly popular with first-time buyers who are now more sensitive to interest rate fluctuations. He highlights the inevitable correction in areas that experienced unusually large price increases during the pandemic when demand surged due to lifestyle changes and government support schemes. The pandemic fueled a 'race for space,' driving up prices in many towns as people sought larger homes with gardens and more room to work remotely. Now, as lifestyles normalize and economic headwinds intensify, those inflated values are readjusting.
What Does This Mean for Buyers and Sellers?
For prospective buyers, these price declines present an opportunity to potentially secure a property at a more reasonable price. However, securing a mortgage remains a significant hurdle. Sellers, especially those who purchased properties at the peak of the market, may need to adjust their expectations and be prepared to negotiate. It's a shift towards a more balanced market where buyers have more bargaining power.
While these 25 towns are currently leading the decline, it's crucial to remember that the housing market is highly localized. Conditions vary considerably across different regions and property types. Experts anticipate that price corrections will continue in the short term before the market stabilizes, potentially towards the end of 2026 or early 2027.
Read the Full The Mirror Article at:
[ https://www.mirror.co.uk/money/rightmove-reveals-25-towns-saw-36627771 ]
