Live updates


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.

Nationally, 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.

– Halifax housing economist Martin Ellis

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.