UK’s decade of house price growth
Four out of every 10 counties in the UK have seen house prices more than treble over the past decade, reflecting the long boom in Britain’s housing market up until the past few months.
The annual Halifax county house price survey reveals that all of the UK’s 104 counties and unitary authorities have recorded at least a doubling in their average house price.
The most expensive county is Surrey, where the average price is more than £364,000, but County Armagh in Northern Ireland recorded the fastest house price growth in the UK over the past 10 years. Homes in the county had risen by 331%, to an average of £220,229, by the end of 2007.
However London has led the way with house price falls and there are fears that price deflation could become widespread across the country as the outlook for the housing market darkens.
Click on the picture to see the areas most at risk of negative equity by constituency in Greater London.
Click here to read more.