There's no longer a town in the UK
where the average house price is less than £100,000.

Lochgelly in Fife, Scotland has the cheapest property prices - a typical home costing £104,738, according to the Halifax.

Northern Ireland is the latest star of the property boom with prices rising 76% since the beginning of 2005. It’s reaping the benefit of the peace dividend and playing catch up with the rest of the nation. The ten towns with the largest increase in prices in the last year are all in Northern Ireland.

In other parts of the UK there still remains the north south divide. Homes in London saw the average the price of a home increase by 14.9% in 2006 with properties in the north rising by only 5.6%.
However the Halifax does expect tougher conditions in the housing market for the rest of this year as higher interest rates, bigger council tax bills and negative earnings growth take their effect.

27th April 2007

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