Regional divide in house prices
Nine of the 10 towns which saw the biggest drop in house prices are outside the South, reflecting the continued regional divide in the property market. Southend recorded the biggest rise in property prices among major UK towns over the past year.
Latest ITV News reports
Southend has biggest house price rise
Southend in Essex has recorded the biggest rise in house prices among major British towns and cities over the past year.
Read the full storyHouse price boost for Uxbridge and Bromley
Two of the towns with the biggest rise in house prices were in the London region. Uxbridge had a 11.7% gain and Bromley had an 11.5% gain.
Grays in Essex was one of the towns with the biggest fall in average house prices, with a 7.3% drop.
Advertisement
Most towns with biggest drop in house prices outside South
Nine of the 10 towns which saw the biggest declines in prices are outside the South, reflecting the continued regional divide in the property market.
– Halifax housing economist Martin EllisNationally, conditions in the housing market have been largely unchanged over the past 12 months with little overall movement in either house prices or sales for the second consecutive year. This picture, however, conceals considerable local differences.
House prices are expected to be strongest in London and the South East as this part of the country performs best in economic terms.
He expects continuing broad stability in house prices nationally in 2013, with the North/South divide in price performance likely to persist next year.
Southend in Essex records biggest rise in house prices
Southend in Essex has recorded the biggest rise in house prices among major UK towns and cities over the past year, according to research by Halifax.
The average selling price in the seaside resort was 14.8% higher than the previous year, rising to £198,418 by the end of 2012, compared with an improvement of 2.1% on average across the whole of Essex.