Prime UK cities outperform as capital’s dwellers look west

 
Kasmira Jefford
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PRIME UK cities including Bath and Oxford enjoyed a surge in price growth last year as more Londoners tempted by the prospect of a bigger home, good schools and transport links moved out of the capital.

Knight Frank data released yesterday showed prime prices in Bath increased by five per cent, in Oxford by 6.1 per cent, and Bristol and Cheltenham both 6.8 per cent last year, beating prime central London which rose by 5.1 per cent.

They also outperformed the wider prime market in the UK, which grew by 3.4 per cent last year.

The estate agency said much of this growth was fuelled by buyers coming from London taking advantage of the price gap to get more for their money.

“These markets are home to excellent state, private and grammar schools, which underpins their appeal, while good transport links make them attractive destinations for buyers from London, or those needing to commute to the capital,” Knight Frank’s Oliver Knight said.