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"We wanted to up-size to make room for our growing family, but needed to sell our flat first and National Homebuyers enabled us to do this quickly. They simplified the whole process of selling and enabled us to purchase our dream property! The worst places to have bought a house this century"

Mr & Mrs H, Space

"After inheriting a property from my late Mother, I approached National Homebuyers. I had been caring for my Mother for a number of years and the thought of selling the property using an Estate Agent was a hassle that I did not feel able to cope with. The sale of the property was a difficult […]"

Mrs J, Lydney, Gloucestershire

The worst places to have bought a house this century

As house prices soar in some places, newly released data from the Office for National Statistics has shown that other areas have failed to keep up with the UK average – and the lack of demand is set to impact property owners further in the future.

When buying a house, we often don’t just see the purchase as a way to put down roots and get out of the rent cycle, but also as an investment. Many UK home buyers have seen a huge surge in the value of their homes during the 2000s – allowing them to eye more expensive properties in the future. This social mobility is a key factor in allowing for a comfortable life and retirement, as well as allowing parents to provide an inheritance for their children.

For some, however, the dream of profiting from a house sale has ebbed away as they realise that the area within which they have bought has failed to follow the national average for inflation. With some areas affected more than others, a recent survey by eMoov based on data from the Office for National Statistics has pinpointed those worst hit.

After analysing thousands of locations, the online estate agency has found that the worst place to have bought since the year 2000 is the city centre of Bolton, where properties have not only failed to increase in value, but prices are currently 9.1% lower today than they were 15 years ago, making the chance of a quick house sale an unachievable dream for those looking to escape.

eMoov Online Estate Agents“You have to feel for those that have seen the value of their property drop in Bolton,” said Russell Quirk, founder and CEO of eMoov.co.uk. “It’s almost the equivalent of everyone in the UK buying a lottery ticket and you being the only one that doesn’t hit the jackpot.”

This news is even more shocking when compared to the 172% average rise enjoyed across the rest of the UK. Even other badly-performing areas saw at least a small gain in value. For example, Leicester came second from bottom in the survey, but still saw a 9% increase.

With Liverpool, Leeds and Birmingham also performing worse than expected, it appears that those in city centre locations within the north-west are the worst affected, and as a result are finding it harder to find a buyer willing to purchase their homes. There are however other options for those looking to sell their home fast, with property buying companies who will buy any home for cash at competitive prices without the need for estate agent fees or the delays associated with chains.

Are you worried that you won’t be able to sell your house? Why not avoid the stress and get a quick sale for cash? National Homebuyers will buy any house – so call 08000 443 911 or request a call back to find out how much you could get for your property.

Let our friendly sell house fast team guide you through our quick move now fast house sale process for your city such as the examples below:

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Homebuyer Man is the public face of National Homebuyers’ expert property team, keeping up to date with all the latest industry news, property trends and market information.

Homebuyer Man’s experience in the property market is unmatched, providing expert information and exclusive insight on all things property, whether that be mortgage advice or drilling down into the best times to buy and sell in different areas across the UK. With more than 15 years’ experience, there isn’t much Homebuyer Man doesn’t know when it comes to the property market.

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