28
Dec
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.