Top Ten Property Price Gains – REVEALED!
We may have been in a recession for the last 2 years, but according to research by the Halifax the UK has still managed to experience greater property price gains in the last decade compared to that of the 1990′s.
Analysing property prices across the entire breadth of the UK, the Halifax based their figures on property price statistics collected in December 2009. From this data they discovered:
- Redruth’s property prices rose by 207% to £182,173
- Penzance rose by 188% to £204,470
- Kent rose by 181% to £168,300
- Great Yarmouth (Norfolk) rose by 161% to £144,587
- Southend-on-Sea rose by 160% to £201,190
Although the South appears to win hands down for the largest property prices increases, when the Halifax examined property prices regionally it was a very different story. Taking the lead for the biggest gains was Yorkshire & Humber who experienced growths of 130% (bringing their property values up to an average of £127,852). More surprisingly, Halifax found that London has experienced the lowest increases of just 80% which brought their property values up to £255,473.
Taking these figures into consideration it is undeniable that the UK property market has prospered considerably compared to the 1990’s – despite the impact the recession has had on our economy. Even when faced with property price falls of 20%, the average UK property has grown 105% to £167,020.
Related posts:
- UK Ranks Top 5 For Property Price Increases
- Property Prices Rise £91 Per Day On Detaches
- Prime London Locations Break Property Price Records
- House prices rise 91% over the last ten years
- Scotland’s house price rise is at odds with the rest of the UK’s housing market.
Tags: property market, property prices, property value, recession
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