Home owners in Galashiels are among the most likely in the UK to have seen the value of their property rise - while those in Kilmarnock are likely to have faced a fall.
The average house price was down 3.5% from June 2022 to 2023 amid soaring mortgage costs thanks to repeated rises in interest rates.
However, the picture is different across different areas of the UK as revealed in new data from property website Zoopla.
It found around two thirds (66%) of homeowners saw the value of their property increase over the 12 months to May, according to the property website, despite tough economic conditions.
Galashiels in the Borders was among the top 10 areas where a rise in value could be expected, with 53% of homes rising in value.
The analysis is based on Zoopla's valuation estimate for homes across the UK. It has a "my home" tool on its website which offers people an estimate of the value of their property.
There was bad news for people in Kilmarnock, East Ayrshire though as property in the town was the fourth most likely to have declined in value across the UK, with the data estimating 65% will have seen the value of their property decline.
Richard Donnell, executive director at Zoopla, said: "With a value of £10.7 trillion, the housing market is a huge part of the nation's wealth.
"Everyone's home has its own value and trajectory of how that value is changing over time.
"The value a homeowner can get for their home unlocks the options for their next move or impacts how good a rate they might get when they remortgage."
On average, homeowners whose home has increased in value over the year to May have seen a rise of £7,000, or £19 per day.
But homeowners whose property has fallen in value over this period have seen an average fall of £7,700, or around £21 per day.
Average fixed mortgage rates have recently jumped back above 6% after previously hitting that mark last autumn, amid the market volatility that followed the mini-budget.
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Mortgage rates have been jumping amid expectations that interest rates will remain higher for longer as the Bank of England tries to subdue stubbornly high inflation.
Zoopla also said that in the six months to May, the areas with the highest proportion of homes going up in value were concentrated in northern England and the Midlands.
It said the highest concentrations of homes falling in value over the six months to May tended to be in coastal locations across southern England. These locations experienced a rush of buyers during the "race for space" seen during the coronavirus pandemic, which previously pushed house prices higher as people made lifestyle changes and worked from home more often.
Locations with highest concentrations of housing value increases in the six months to May 2023
1. Halifax, Yorkshire and the Humber, 67%
=2. Derby, East Midlands, 65%
=2. Wakefield, Yorkshire and the Humber, 65%
4. Huddersfield, Yorkshire and the Humber, 59%
5. Wolverhampton, West Midlands, 57%
6. Dorchester, South East, 56%
7. Chester, North West, 54%
8. Galashiels, Scotland, 53%
=9. Hereford, West Midlands, 52%
=9. Carlisle, North West, 52%
=9. Bradford, Yorkshire and the Humber, 52%
Locations with highest concentrations of housing value decreases in the six months to May 2023
1. West Central London, London, 68%
2. Colchester, East of England, 67%
3. Canterbury, South East, 66%
4. Kilmarnock, Scotland, 65%
5. Norwich, East of England, 64%
6. Brighton, South East, 63%
7. Southend-on-Sea, East of England, 62%
=8. Torquay, South West, 59%
=8. Truro, South West, 59%
10. Blackpool, North West, 58%
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