North East property hotspots have been revealed following analysis of latest house sale figures.

They show that North Tyneside has seen the biggest price increase with 18.26% over five years between February 2016 and February 2021.

In that time the average house price there went up from £148,679.39 to £175,828.81.

Close behind is Northumberland where the average house prices rose from £145,172.44 to £171,421.00, an increase of 18.08%.

The smallest increase was in South Tyneside which saw average house prices go up 10.6% from £120,680.15 to £133,474.51.

The study was carried out by money transfer experts Xendpay, which looked at figures across more than 400 areas of the UK.

Their findings also revealed that North Tyneside has the most expensive average house price in the region, having overtaken Newcastle, which had the highest average price in February 2016.

The Covid-19 pandemic has created a unique property market, with prices rising in many areas.

Strike is promising to undercut rivals by selling homes free - saving customers up to £3,600 when they sell their home. Strike says people can check if their postcode is available for the free offer here, where you can book a free valuation.

YOPA is also offering instant valuations on its website here.

Other parts of the region also saw an increase in prices. In Gateshead they jumped 15% from £123,669.27 to £142,214.44.

County Durham saw a 14.89% increase from £98,114.39 to £112,722.16 and the average price of a house in Sunderland went up 13.97% from £108,348.81 in February 2016, to £123,484.72 five years later.

While Newcastle is the second most expensive area on the list, it had the second smallest average house price increase, going up by 11.35%, standing at £150,838.04 in February 2016, and £167,964.16 five years on.

Places like Tynemouth have turned North Tyneside into a property hotspot
Places like Tynemouth have turned North Tyneside into a property hotspot

Across the UK, the average house price in February 2016 was £205,555, while the latest figure stands at £250,340 – an increase of 21.78%.

Comparing the four nations of the UK, Wales has seen the biggest increase in average house price over the past five years – 26% - going from £142,711 in 2016, to £179,860 in 2021.

Northern Ireland isn’t far behind, showing a 24.18% increase, with the average price rising from £118,850 to £147,592.

England’s average house price has gone from £220,626, to £268,291 – an increase of 21.6%.

Scotland has seen the lowest rise, 19.98%, as the average cost of a house in 2016 was £134,625, compared to £161,529 now.

Table shows- Area; average house price in February 2021; average house in February 2016; percentage increase

North Tyneside; £175,828.81; £148,679.39; 18.26%

Northumberland; £171,421.00; £145,172.44; 18.08%

Gateshead; £142,214.44; £123,669.27; 15%

County Durham; £112,722.16; £98,114.39; 14.89%

Sunderland; £123,484.72; £108,348.81; 13.97%

Newcastle : £167,964.16: £150,838.04: 11.35%

South Tyneside; £133,474.51; £120,680.15; 10.6%;