Find property to buy, property to rent and find estate agents in the UK with estateagents.co.uk
Property Guides
Buying property
Selling property
Estate agent fees
Free property guides
Conveyancing services
Mortgage services
See all Property Guides
Find Property in the UK
England
Scotland
Wales
Northern Ireland
Free conveyancing costs quote comparison
My estateagents
Saved properties
Saved searches
What I last viewed
Email updates
House Prices Treble in Last Decade

Wed, 01 Nov 2006
House prices have trebled, increasing 87% since market recovery in February 1996, so the Halifax asserts.

In February 1996 the average UK property value was £62,453, a figure which is now £179,425, following an average increase of approximately 11% per annum.

This equates to more than three times the increase in the stock market over the same period of 61%, the mortgage lender has calculated.

London is the region which has been worst affected by the mid-90s crash, with house prices increasing there the most.

In London since 1996 the average house price has gone up 240%.

In comparison, Scotland has experienced the slightest increase, although house prices there have doubled in ten years.

Cornwall is the best performing county, with property values having increased 274%, with Carmarthenshire in Wales a close second with an average increase of 264%.

The ten top performing counties underwent price rises of 240% plus, with six of them being in Wales.

Surrey is still the most expensive county at present as it was in 1996.

The average Surrey house price is £314,037, whereas, a decade ago the average property in the county cost £96,983.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.
newsnews rss