The worst places to own a home in the UK

Aberdeen Harbor

Aberdeen has been named as the worst place in the UK for homeowners, while Cambridge has been revealed as the worst in England, and Hammersmith and Fulham as the worst in London. All three areas have a tremendous amount going for them, so the question is what they did to deserve naming a shaming.

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The good news for the residents of these three areas is that it isn't a question of the quality of life, the attractions of the area, or the desirability of their home: it's purely to do with house prices. They all saw house prices fall dramatically over the previous 12 months.

Figures from online estate agent found that across the whole of the UK, nowhere has been a worse investment for UK homeowners than owning a property in the City of Aberdeen in the past 12 months. Prices have plummeted by 9.81%, a loss of nearly £20,000 from an average of £185,848 last year.

The city has flourished for the past few years on the back of a booming North Sea oil industry - based in the city. Uncertainty around the price of oil, the EU and the UK has led organisations to be more cautious in their hiring practices, and remuneration, so demand for property has dropped, and as a result the value of properties is on the wane.

Founder and CEO of, Russell Quirk, commented: "Aberdeen has been rocked by a declining oil industry and a lack of buyer demand so it comes as little surprise that it remains in the doldrums of UK property. I think the SNP's attempt to weaponise the Brexit vote and seek independence so soon after their original referendum has made a rod for Scottish homeowners' backs, by creating a great deal more hesitation and uncertainty in the market than was really necessary."

The second worst-performing area is also in Scotland - in Inverclyde, where prices have also seen a sharp decline of 7.63% in the past year. This is partly because previously new builds were selling well, and pushing the average price up. At the moment, however, there are fewer of them on the market, and the price of older properties is not so buoyant.

Perhaps more surprisingly is the third worst location in the UK for a property investment in the last year. Homeowners in Cambridgeshire have paid the price of an over inflated market, with prices falling by 5.12% in the past year. This is the largest decline of anywhere across England.

As Quirk says: "With an average house price close to rivalling that of the capital, Cambridge is no doubt paying the price for an over inflated market during 2016. As prices spiral beyond affordability, a fall in demand by the average Cambridge homeowner will always result in an annual drop in prices."

In fourth place - and the worst in Wales - is Ceredigion. Wales as a whole has seen a slump in the property market, but has shown signs of recovery towards the back end of 2016. Unfortunately this wasn't enough to comfort homeowners in Ceredigion as prices have fallen by 3.49% in the past year.

London has fared reasonably well over the past 12 months - except for prime areas of the market, where prices have taken a bit of a beating. Hammersmith and Fulham has suffered as some of the posher parts of the borough have seen prices fall. Overall, prices are down 2.1% - making it the worst-performing part of the Capital.

By contrast, the study found that overall house prices have fared well. Across the United Kingdom it found that the average property price is now £204,919 - and is up 7.41% over the past 12 months. England has generally performed better than Scotland and Wales - and has seen rises of 7.5% in that time.

The top 10 worst performers:
City of Aberdeen -9.81%
Inverclyde -7.63%
Cambridge -5.12%
Ceredigion -3.49%
Aberdeenshire -3.48%
Eden- -3.05%
Copeland -2.66%
Hammersmith & Fulham -2.1%
North Ayrshire -2.03%
Merthyr Tydfil -1.51%

Most viewed property of the year
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Most viewed property of the year
This unassuming three-bedroom detached house in Martins Heron in Berkshire doesn’t immediately look like the kind of property to draw the crowds. However, the fact it was used as Harry Potter’s home in the first of the films means we were intrigued to see inside this £475,000 property that was ideal for commuting.
This was an impressive seven-bedroom home in Upper Denby, on the market for £1.3 million - with plenty of rustic charm and a wood-burning stove. However, we all know the real reason this made it to the list of the most-viewed properties: it’s the enormous play area complete with pirate ship that you can just catch sight of through the lounge window.
This five bedroom relatively newly-built mansion has every whistle and bell you could wish for - from a cinema and games room to a gym, swimming pool, and a dining room that’s big enough for a grand piano in the corner. It’s still on the market for £1.05 million, and is right next to Lincoln Golf course if you fancy playing a round.
Unsurprisingly, this development project on Chadwick Road in East London has been snapped up. At just £1 million you got 13 rooms over four floors - with off-street parking for three cars. No wonder it was the seventh most popular home for us to look at, and dream that with a bit of elbow grease we could have a huge London property... and we could finally park somewhere near it too.

This is a home that comes with a dream lifestyle. For just £1.4 million, you can get an incredibly swanky five-bedroom farmhouse in seven acres of lovely Welsh countryside. You also get a two-bedroom barn conversion - either to house visiting family, or to run as a holiday letting business. The house is still in the market - so that dream could still be yours.

Ever fancy your own posh lakeside hideaway with its own jetty just over an hour from London - for just £2.8 million?

Quite a few people did, judging by the fact that this new development in Cirencester was the 5th most viewed house of the year.

For just £545,000, this 6-bedroom house in Donaghadee could be yours. The property itself is very recently developed in an elegantly rustic New England style. There's plenty of room, and a dream bathroom. But possibly the reason it features so high up the list of most-viewed houses is that it comes with a paddock and stable - perfect for anyone with horsey aspirations.
It’s easy to see why this pretty £375,000 cottage is in such high demand. First is the fact it has been rebuilt from reclaimed stone, so combines old world charm with handy modern features (like a good-sized kitchen and fancy bathroom). Then there’s the location - right in the centre of the village of Holmfirth - best-known as the setting of Last of the Summer Wine.

This impressive house in Bromley in Kent has footballer written all over it. From the pale grey colour scheme, to the acres of space, and the enormous patio for entertaining, there's plenty for a footballer to love. At just £1.7 million it’s pocket-change for them too. For the rest of us, there’s the chance to dream of a mansion within commuting distance of London for the price of a flat in Notting Hill.

There was a time when a semi-detached five-bedroom home in Hampstead Garden Suburb was the sort of thing that ordinary families could aspire to. Now it's the kind of thing we spend our time daydreaming over on property websites: marveling at a 90 foot garden and the fact it has a garage. The price tag of £2.25 million means it's the kind of house we can only ever afford to look at online - which is probably why it's the most viewed property of the year.

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