UK house prices see biggest rise in London and SoutheastTuesday, 14 December 2010 11:13
New figures from property information website, Zoopla.co.uk, have revealed that house prices in London and the South of England have increased more than in any other part of the UK in the last year.
Overall, the average UK house price rose by £4,978 over 2010 (£13.64 per day), up 2.36 per cent from £210,846 last December to £215,824 today.
Homeowners in Rutland, Oxfordshire and Cambridgeshire saw the most of this increase, with property prices in their respective areas rising by over 7 per cent in 2010, by far the highest in the country.
Other areas such as South Lanarkshire, Lincolnshire or West Yorkshire however were not as fortunate, with average house prices falling by over per cent during the same period.
Nicholas Leeming, Commercial Director of Zoopla.co.uk, said: “We saw a fast run up in house prices during the first part of the year propelled by a shortage of supply. And the increases seen in England have been very skewed towards London and the South.”
“Whilst the market has cooled a bit over the last half of the year, an extra £5,000 on the value of the average British home is good news and defies many predictions made at the start of the year.”