UK house prices have increased by 38.9% since 2010, according to lettings and estate agent, Benham and Reeves, increasing from an average of £168,703 to their current average of £243,370.
According to the group, England has enjoyed the largest increase of all UK nations at 42.4%, while London has seen the largest regional growth (66.3%).
Other areas to have “faired well” in the capital are Hackney, Lewisham and Barking and Dagenham whilst outside of London, the largest increase has been in Slough (75.5%), Corby (71.6%), Harlow (70.1%) and Medway (67.7%).
Benham and Reeves said Aberdeen saw worst house price performance since the 2010, with property values down -7.1%, joined by Inverclyde (-1.7%), with County Durham the only other area to register a negative change (-1.3%).
Director of Benham and Reeves, Marc von Grundherr, said, “…it’s encouraging to see that despite all the political and economic uncertainty that has been thrown at the UK property market over the last few years, house prices have grown in almost all areas of the UK since the last widespread white Christmas was recorded.
“Although we probably won’t see snow this Christmas, this almost decade long stint of positive market momentum is unlikely to let up and we should see yet further upward growth gifted to UK homeowners this coming year.”