New data from Rightmove reveals that Bath is the top city price hotspot in Great Britain, with asking prices rising 15% over the last year, more than any other city.

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

The top five city asking price hotspots are in some of the past year’s most popular coastal and countryside areas, highlighting the balance many buyers are looking to find between being near to work and city amenities, and having more space.

Across the top ten city hotpots, the average increase in asking prices is 12.6%, outpacing the current national average of 9.9%. One of the reasons behind the significant rise in prices is the mismatch of supply and demand, where over the last year, the number of buyers enquiring to move to many cities has outweighed the homes available.

In the South West, where the price hotspots of Bath, Truro, Plymouth & Gloucester are located, the number of properties available has dropped by 39% compared to last year.