It’s been just over 10 years since the financial crash of 2008, many reading this will remember their wallets feeling a little bit lighter over the years that followed and who could ignore the years of austerity? It’s said that one of the great indicators of how well an economy is performing lays in the property market – with levels of activity indicating how confident people feel to make perhaps the most substantial investments of their lives.
So with that in mind, we thought it would be an interesting exercise to dig down into the figures and see how the Bradford property market has progressed since the financial crash of 2008 and how much growth has occurred since then, in relation to property prices.
In this article, we’ll be taking a look at the 10 areas of Bradford where house prices have increased the most – and how much the average property in that area has grown in terms of value.
Where’s the data from?
The data we’ve used to establish the below chart comes directly from the UK Land Registry, which is the UK body in charge of recording all the details of property sales and transactions in the country. The data is completely impartial and we’re simply presenting it to you in an easy to read way. This data might also be useful for people who’ve been thinking about moving – if you live in one of these areas and haven’t had a property valuation for a while… it might be worth seeing what your property is worth today! We’ve used the average sale price from all properties sold in 2008 and compared it to the same data from 2018 to establish the price growth.
To look into the data, simply click on the respective bar chart. (Numbers in £’s)
The data reveals that the area of Bradford which has seen the highest price growth over the past 10 years is BD10, which includes Apperley Bridge, Idle and other areas. It saw a growth equivalant to almost £50,000. Interestingly, there has been many developments in the area recently, including a new trainstation with great transport links into Leeds. There are a number of good schools in the area too, which may give indication as to why this area has proven so popular in recent years.
Cleakheaton, Gomeral, Scholes
Low Moor, Oakenshaw, Wyke, Lower Wkye, Delph Hill
Cononley, Cross Hills, Glusburn, Kildwick, Silsden, Steeton, Sutton-in Crave
Skipton, Carleton-in-Crave, Embsay, Grassington
Bingley, Cottingley, Eldwick, Harden
Settle, Horton in Ribblesdale, Settle
Cullingworth, Clayton Heights, Denholme, Queensbury, Thornton
Apperley Bridge, Idle, Greengates, Ravenscliffe, Thackley