North, south, east and west - every part of England and Scotland has seen house prices fall in 2017. This is where's been hit worst and the one place prices are still rising. Homes across Britain have seen £29billion shaved off their total value since the start of the year, according to a website. Zoopla said homes across the UK are now valued at £7.93 trillion in total - down £29 billion since the start of 2017. The fall, seen between the start of January and the end of March, equates to a decrease of £1,004 in the average value of a home over the three-month period - or a decline of £11.15 in the value of a property per day. Zoopla, which analysed data on its website to make the findings, said Wales is the only country in Britain to have seen property values increase over the last three months, with a 0.4% increase.
Despite the recent general decline, property values across England, Scotland and Wales are still higher than they were a year ago, Zoopla said. At a local level, Tredegar in South Wales was identified as Britain's biggest property hotspot for growth in values over the past three months, with a 1.83% increase. Nearby Ebbw Vale has also seen property values jump by 1.63% since the start of the year.
At the other end of the spectrum, Bridport in Dorset has seen the biggest decline in property values over the last three months, with a 2.06% fall, the research found. Parts of London and the surrounding commuter belt were also among the areas to see the biggest declines in property values since the start of the year, including Morden, Northwood and Waltham Cross. Some recent housing market reports have said that parts of Britain where house prices are already high and affordability is stretched are seeing a cooldown in house price growth, while areas where home affordability is less stretched are seeing bigger upswings in price growth.