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Halifax: Most Regions Up, N Wales And Surrey Lead

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North Welsh Region Posted Largest U.K. House-Price Gain in 2010
By Scott "Scotty" Hamilton - Dec 31, 2010 12:01 AM GMT
The Conwy area of North Wales posted the largest increase in home values among U.K. counties in 2010 as regional variations deepened amid a fluctuating housing market, Lloyds Banking Group Plc’s Halifax division said.
The average house price in the north Welsh region increased 13 percent, or 18,506 pounds ($28,600), to 162,691 pounds in the 12 months through November, the mortgage-lending unit said in an e-mailed report released in London today. Nationally, prices rose on average 3 percent.
While 10 of the top 20 U.K. counties in terms of house- price growth this year were either in southeast or southwest England, just two in the north made the list. That regional outperformance may intensify as the government carries out the largest budget squeeze since World War II, Halifax said.
“U.K. house prices at the end of 2011 will be at a broadly similar level to that at the end of 2010,” Halifax’s housing economist, Suren Thiru, said in the report. “Prices are expected to be strongest in southern England as this part of the country is likely to fare better economically” and values elsewhere “are likely to be constrained by a greater dependence on public-sector employment.”

VIs bullfest today? They might tempt gullible Merv to hike.

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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