UK's biggest house-price jumps are outside London

London

AN English spa town and two coastal areas saw the biggest house-price increases in the UK last year, outstripping gains in London's hotspots.

Cheltenham in southwest England saw a 13 per cent jump in prices in 2017, almost five times the national increase of 2.7 per cent, Bank of Scotland plc's Halifax division said in a report released on Tuesday. The average house in the town, famous for its annual horse-racing festival, rose to £313,150 (S$351,427).