Top 10 Property Price Gains

Research by leading bank Halifax has brought up some startling results about the UK’s biggest property price gains.

Analysing price increases over the last decade, Halifax decided to assess towns across the entire breadth of the UK to see which top 10 towns had experienced the biggest price gains. And some of the results were pretty impressive…

Basing their figures on property price statistics collected in December 2009, Halifax discovered:

• Redruth’s property prices have skyrocketed by 207% to £182,173
• Penzance has risen by 188% to £204,470
• Kent has boomed by 181% to £168,300
• Great Yarmouth (Norfolk) has increased by 161% to £144,587
• Southend-on-Sea has risen by 160% to £201,190

Whilst the South clearly wins hands down for the largest property prices increases, regionally it is a very different story with Yorkshire & Humber experiencing the biggest gains of 130% to £127,852 whilst London only saw increases of 80% to £255,473.

It is undeniable that despite the impact the recession has had on the economy, the UK property market has prospered considerably compared to the 1990’s. Even with 20% price falls in 2008/09, the average UK property has grown 105% to £167,020.

Original Article

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Peter Franklin, Property Mentor Delegate

I used to believe stocks and shares were the only way forward, yet after 15 years of property investing, neither of these can compare with the sheer velocity or impact that property investment can have on your bank account. Only with property can you truly experience the power of being in control of immediate cash flow AND capital appreciation. Stocks and shares simply cannot compete. Read more