29 Apr

Aberdeen and Luton at opposite ends of property price trend scale

Aberdeen and Luton at opposite ends of property price trend scale

Aberdeen has seen house prices rise 5.6 per cent during the recession, new research has found.

A survey by uSwitch has shown which parts of the UK have experienced the greatest increases or decreases in prices since the onset of the economic contraction, with the Scottish city proving to be the best location for investors seeking capital gains as the only place with price rises.

Those keen to take advantage of increased affordability may look to Luton, which has seen the largest price drop at 19 per cent.

Rochdale saw the second greatest fall at 18.5 per cent, with Bristol third at 18.4 per cent.

The figures do not directly tally with the areas that have been the least or worst affected by the recession, as Swindon has seen the highest rise in the claimant count but has seen a lower house price decline at 16 per cent.

Findaproperty.com's latest statistics revealed that house prices fell at their lowest rate for a year this month, dipping by 0.3 per cent.
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