Scotland saw biggest house price rise in 2011
Wednesday, 4 January 2012 2:11 PM
Average house prices in Britain ended 2011 just £854 down on a year ago, according to Zoopla.co.uk.
The property valuation website said the average 0.23 per cent fall across the country concealed some big regional variations.
Scotland saw the biggest house price rise at 6.7 per cent to £164,844, while England's prices fell 0.7 per cent to £228,926 and Wales's fell 0.1 per cent to £153,826.
Within England prices rose 2.3 per cent in London and also rose in the South East but fell substantially in the North. The North East was the worst performer with a fall of 5.8 per cent over the year.
At a more local level, Wigan topped the list of best performing cities with a house price rise of 5.6 per cent, followed by Aberdeen (4.3 per cent) and Ipswich (3.8 per cent).
Worst performers were Newcastle Upon Tyne (-5.5 per cent), Leicester (-4.6 per cent) and Bolton (-4.0 per cent).
Nicholas Leeming of Zoopla.co.uk said: "Londoners continue to see the market go from strength to strength with high demand for a limited number of properties boosting house prices.
"However, for areas such as the North East where the local economy has suffered more than most, it's a different story.
"2012 does not show much sign of being markedly different to 2011, however, if the overall economy starts to show signs of strength this will filter quickly through to the property market."
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