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December 27, 2012

Southend sees biggest annual house price rise

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by Gill Montia

Southend sees biggest annual house price rise

Over the past year, Southend has recorded the biggest rise in house prices among major UK towns and cities, according to new research from Halifax.

The average selling price of a Southend dwelling leapt 14.8% from £172,782 in 2011 to £198,418 in 2012, with Basingstoke taking second place (+14.7%) and Halifax noting that both towns are a comfortable commute from London.

Three other London commuter towns – Rochester, St Albans and Dartford – feature in the five towns and cities recording the biggest price gains in 2012.

At the other end of the scale, the worst performing locations were Craigavon in Northern Ireland (-18.4%) and Wishaw in Scotland (-12.5%).

Nine of the 10 towns and cities that saw the biggest declines in prices are outside southern England, reflecting the generally weaker performance of the housing market outside the south.

According to Halifax the north / south divide in house price performance seen during 2012 shows no signs of letting up.


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