house on Shetland

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Shetland has few homes, however had the quickest rising costs in 2016

The Shetland Isles noticed the most important home value enhance within the UK final 12 months, registering an increase of 26%, in line with the Workplace for Nationwide Statistics (ONS).

Throughout the nation as an entire, costs rose by 7.2%, in comparison with 6.9% in 2015.

The common value of a home or flat reached £220,000 within the 12 months to the top of December, the ONS said.

The area with the most important enhance was the East of England (11.three%), adopted by the South East (eight.5%).

After the Shetlands, the place the place costs rose quickest was Basildon, in Essex, which noticed a median rise of 17.three%. Close by Maldon noticed costs go up by 16.2%.

Costs fell most dramatically in Aberdeen, down 9,eight%. The market there has suffered from a downturn within the oil business.

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