Belfast is leading the way in terms of the quickest UK annual price growth.
Belfast is forging ahead in relation to the UK's
housing market .
The capital of Northern Ireland witnessed house price increases of 50% in 2006, overtaking
London as the place with the highest
property prices, so
Nationwide figures show.
The average property in Belfast now costs £10,000 more than the average London home (£302,486).
Aberdeen (up 35%), Sheffield,
Bristol (up 17% each) and Reading (up 15%) all experienced high price growth.
Northern Ireland ranks top in terms of quickest house price inflation for the 10th consecutive quarter
Prices went up annually by 42.6% in the third quarter, yet Northern Ireland also saw the biggest slowdown in house price growth, coming down from an astonishing 54% in the second quarter.
London experienced the second quickest UK rate of growth at 16.5%, followed by
Scotland at 12.2 per cent. Outer metropolitan and outer south east saw 11% and 10.1% respectively.
London also witnessed the average house price increase at more than £300,000.
