16:36 PM, 25th October 2011, About 12 years ago
New research from a major mortgage lender reveals the cheapest and most expensive places to buy homes in the UK.
The data also highlights the towns with the largest and smallest price increases over the past 10 years.
The research looks at homes on a price per square metre basis – comparing prices by living space.
The majority of towns with the biggest increase in prices had relatively low prices in 2001, the survey shows.
House price highlights from the data include:
“When looking at property prices on a square metre basis, there has been a huge divergence in house price performance across the UK over the past decade,” said Martin Ellis, housing economist at Halifax.
“Despite these differences, there has been little change in the composition of those areas with the most and least expensive properties. Nine of the 10 London boroughs that were the most expensive areas in the country in 2001 are still in the top 10 whilst four of the least expensive towns in 2001 remain amongst the 10 least expensive places.”
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