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House prices: UK’s property hotspots revealed

Bath has been named the biggest property hotspot across the UK, with increased competition pushing asking prices up by more than 15% over the last year.

The average asking price in Bath jumped more than 15% to £555,018 last year, data from property site Rightmove (RMV.L) shows.

Truro, in Cornwall, was the second biggest price hotspot, with asking prices jumping 14.8% over the last year, while Southend-On-Sea, the UK’s newest city after being granted city status earlier this year, was third with a rise of 13.4% in annual asking prices.

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