With mortgage rates under increasing strain, all eyes are on the property market to see whether house prices will continue to rise.
And new figures pinpoint the neighbourhoods of England where average sale prices are increasing the fastest.
The latest data from the UK House Price Index shows the average UK house price was £286,500 in April 2023, a slight rise from the previous month but £6,500 below the £293,000 all-time high recorded in September 2022.
The Office for National Statistics also divides England into thousands of smaller areas known as middle-layer super output areas. It has released new house price figures for each of these neighbourhoods for the calendar year 2022.
This allows us to pinpoint the suburbs, towns and villages which have seen house prices rise the most since the previous year.
Here are the areas of Portsmouth which have seen the biggest rise in average sale prices in 2022, compared with 2021.
5. Fratton North
The neighbourhood classed as Fratton North, which includes Powerscourt Road, had an average house price of £200,000 in the year ending in December 2021. By December 2022, the average price had risen to £240,000 - an increase of 20 per cent. Photo: Google Street View
6. Paulsgrove East
From the year ending December 2021 to the year ending December 2022, the average house price in Paulsgrove East saw an increase from £200,000 to £232,150, a jump of 16.1 per cent. Photo: Google
7. Fratton Kingston
The average house price in the Fratton Kingston neighbourhood rose from £190,000 to £220,000 from December 2021 to December 2022, a difference of 15.8 per cent. Photo: -
8. North End West and Whale Island
In the North End West and Whale Island neighbourhood, which includes the area around Jervis Road, the average house price increased from £195,000 to £222,500 from December 2021 to December 2022, a rise of 14.1 per cent. Photo: Google