House prices up 187% in 10 years
Halifax has revealed that house prices have almost tripled since 1996, having gone up 187% in 10 years.
In February 1996 the average house was £62,453 - this figure now stands at £179,425 showing an average increase of 10.6% a year.
House prices in London have risen the most with a 240% increase, whereas Scotland has seen the smallest rise of 110% (still almost double that of ten years ago). The best performing county as far as house prices go is Cornwall, where property values have surged some 274%, followed by Carmarthenshire in Wales with an average increase of 264%. The ten best performing counties all had price rises of more than 240%, with six of the top ten in Wales.
In February 1996 the average house was £62,453 - this figure now stands at £179,425 showing an average increase of 10.6% a year.
House prices in London have risen the most with a 240% increase, whereas Scotland has seen the smallest rise of 110% (still almost double that of ten years ago). The best performing county as far as house prices go is Cornwall, where property values have surged some 274%, followed by Carmarthenshire in Wales with an average increase of 264%. The ten best performing counties all had price rises of more than 240%, with six of the top ten in Wales.
posted by ew at
10:05 AM
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