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Reading’s most expensive, busiest and hippest areas to buy a home

Analysis of new figures reveals Mapledurham was the most expensive area of ​​Reading to buy a house in last year.

Zoopla said the data highlights the location of the housing market in England and Wales, with prices often reflecting the housing stock available in an area.

Data from the Office for National Statistics reveals that of Reading Council’s 16 wards, Mapledurham had the highest median house price in 2021 of £710,000.

Next come Thames (£560,000) and Peppard (£425,000).

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In contrast, the cheapest parts of Reading to buy property in were Minster, which had a median house price of £265,000, Battle (£268,000) and Park (£285,000).

The median – the middle number in a series – is used to ensure that the numbers are not skewed by extreme highs or lows.

Meanwhile, the number of homes sold in Reading has fallen from 1,634 in 2020 to 2,344 last year.

Of last year’s sales, 8% (199) were in Battle, making it the busiest area for shoppers.

At the other end of the scale, Mapledurham saw just 58 properties sold in 2021, earning it the title of the quietest area in the Reading property market, as well as the most expensive.

The Center for Economics and Business Research said that after a period of significant growth during the pandemic, it expects house prices to come under downward pressure over the next year, due to strong increases. mortgage rates.

Karl Thompson, an economist at the think tank, said the biggest price contractions are expected outside London and the South East, leading to greater regional disparities in prices.

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The number of residential property sales in England rose by 21% to 821,407 between the end of 2020 and the end of last year.

Grainne Gilmore, head of research at Zoopla, said property values ​​vary widely largely due to differences in housing stock between areas – some neighborhoods will have a higher number of five-bedroom detached homes, while others will house more and smaller apartments. Properties.

But she said the difference between the most expensive and cheapest areas could start to narrow.

She added: “Demand for larger single-family homes during the pandemic has pushed up average home values ​​over the past year, while apartment price growth has lagged.

“But there are signs that demand for city center apartments is picking up, so we could see prices rising faster in that part of the market.”

The ONS figures also reveal the trendiest area – the one with the fastest growth in sales – in Reading.

Of the 11 neighborhoods with at least 100 properties sold, Battle saw 99% more properties sold in 2021 than in 2020, followed by Norcot (63%) and Caversham (49%).