28 Dec

London sees biggest price rises throughout 2011

London sees biggest price rises throughout 2011

It may be the expected outcome after the way it has outperformed most of the property market throughout the last year, but the region which saw the biggest rise in the price of properties throughout 2010 was London.

The Land Registry has announced its latest figures, which have shown that London continuously performed better than all other areas of the country, with property for sale in London seeing a year-on-year rise of 1.4 per cent.

Elsewhere, the worst decline in property prices was seen in the north east, with prices in the region declining by 5.4 per cent over the past 12 months.

The Land Registry analysis of 2011 also pinpointed the gaps between the top and bottom ends of the market, as it reported that the most expensive house in the UK this year was a detached house in the capital, which sold for £19.25 million. In contrast, the least expensive home was in Middlesbrough, selling for just £16,000.

With the end of the year in sight, the Land Registry reported earlier this month that prices in November had crept up, breaking the trends seen throughout the year.ADNFCR-1222-ID-801250511-ADNFCR

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