Halifax, the UK's largest Mortgage Lender, is reporting that House prices in every area of Britain have broken through the 100,000 pounds mark for the first time.
They said the average property price in every county is now above that mark, compared to just a third five years ago. Wales and Scotland top the table of property price growth over the past five years, being home to the 10 areas of most rapid growth. Merthyr Tydfil in Wales recorded the biggest house price rise over that period.
Martin Ellis, chief economist at the Halifax, said: "Wales, Scotland and, to a lesser extent, Northern Ireland, have dominated the UK county league table for house price growth over the past five years....."Southern England, by contrast, has lagged behind.
However, Surrey remains the most expensive county in the UK, with an average property price of 328,453 pounds. Blaenau Gwent in Wales remains the least expensive. Average property prices here stood at just 107,451 pounds by the end of 2006.
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