Woking has been named the UK's top house price performer in 2011. The statistic emerged at the beginning of 2012 by a UK bank in their Town House Price Survey, compiled using information from the bank's own housing statistics database.
The urban Surrey area recorded the biggest rise in house prices over the past year, as the average selling price rose by a whopping 16% from £257,590 to £299,654 in the space of 12 months. As a large commuter town within reach of central London by train, it may be of little surprise to residents.
Meanwhile, Falkirk in Scotland had the second biggest rise in house prices, registering a 12% jump. As a town equidistant between Edinburgh and Glasgow, it also serves as a major base for commuting professionals; the town also has lower average property prices.
Their housing economist said of the results: "The two towns recording the biggest rises are both within easy commuting distance of major commercial centres. In contrast, the majority of towns that have fared worst in house price terms are outside southern England where economic conditions have tended to be less favourable."