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Conwy is UK's top house price performer in 2010

31st December 2010 Print

Conwy recorded the biggest rise in house prices among UK counties over the past year, according to the latest Halifax County House Price Survey.

Based on Halifax's own house price data, the average house price in Conwy in North Wales has increased by 13% (£18,506) over the past year from £144,185 in 2009 to £162,691 in 2010.  After Conwy, East Dunbartonshire (12%) and Dumfries and Galloway (11%) - both in Scotland - have seen the next biggest increases

Half of the counties with the biggest price rises are in the South

Ten of the twenty counties delivering the highest house price growth in 2010 are in the South East or the South West.  In contrast, just two counties in the North of England - Cheshire (5%) and County Durham (4%) - are in the top twenty.

The top house price performers are predominantly areas with above average house prices

Seven of the top ten also have an average house price that is higher than the UK average.

Surrey is the most expensive county in the UK with an average house price of £296,344.  Fourteen counties have an average house price in excess of £200,000.

Blaenau Gwent in Wales is the least expensive county in the UK with an average house price of £86,385.

Over the past five years, many of the counties delivering the highest house price growth are in Scotland.  The best performing county was Aberdeenshire with the average house price in the Scottish county increasing by 46%.  Seven of the top ten are in Scotland with the remaining three all in Northern Ireland.  English countries accounted for just three - Oxfordshire, Somerset and East Sussex - out of the twenty top performing counties.

Suren Thiru, housing economist at Halifax, commented: "Many of the counties recording the best house price performance in 2010 are in the south of England, reflecting the general outperformance of the housing market in this part of the country.

Looking forward, we predict that UK house prices at the end of 2011 will be at a broadly similar level to that at the end of 2010.  We do, however, expect some modest variations in house price performance across the country.  Prices are expected to be strongest in southern England as this part of the country is likely to fare better economically.  House prices outside southern England are likely to be constrained by a greater dependence on public sector employment at a time when this sector will be under pressure due to the government's public spending reductions."