PHOTO: New figures show the state of the property market. Photo: AP Photo/Alastair Grant
Newport has the fastest rising house prices of Britain’s biggest towns and cities, with a booming property market in the city in southeast Wales.
New figures from Hometrack and Zoopla show property prices have risen 1.7% in the 20 largest cities across the UK in the year up to April 2019.
Glasgow boasted the fastest rising prices of the top 20 cities, but a wider index of 65 cities and larger towns saw Newport finish top with a remarkable 9% rise in prices over the past year.
The average Newport property costs £167,700.
Chris Beard, a filmmaker from Newport looking to get on the property ladder, 31, told Yahoo Finance UK: “Because house prices are so cheap, lots of professionals and families are moving out of Bristol to commute from Newport. It’s now free to drive across to Severn Bridge from Bristol as the tolls have been removed.
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