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18 April 2006
Western Britain is the new property hotspot with 18 of the 20 counties with the largest house price increases since 1996 in the region, reveals a survey from Halifax.
Cornwall has recorded the strongest house price increases over the last ten years, with average prices rising from £53,081 to £195,388 - an increase of 268 per cent.
Wales had 13 of the 20 counties with the largest price rises, with four counties in the south-west (Cornwall, Dorset, Gloucestershire and Somerset) and one in the west Midlands (Shropshire).
"The last ten years has clearly been the 'Decade of the West' with areas in Wales and the south-west recording the strongest house price gains since 1996," said Halifax chief economist Martin Ellis.
"Both parts of the UK are popular areas for people seeking to relocate and for those looking for a holiday home. These factors, combined with more affordable property than that available in the south-east, have contributed to the substantial house price gains in the last ten years."
Surrey, Hertfordshire, Berkshire and Buckinghamshire remained the UK's most expensive counties for property from 1996 to 2006, with Blaenau Gwent staying the cheapest area.
If a rise in house prices affects you and your current credit commitments, check your credit report and make sure you're up to date.
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