Prices rise most in Welsh town

Posted: 17 Mar 2008 12:00:17 GMT


            Property News - Prices rise most in Welsh town

Homeowners in the Welsh town of Merthyr Tydfil saw the largest house price growth per square metre (m2) between 2002 and 2007.

Homeowners in the Welsh town of Merthyr Tydfil saw the largest house price growth per square metre (m2) between 2002 and 2007.

That is according to new figures from Halifax, which show that there was a 203 per cent increase.

Property prices increased from £439 per m2 in 2002 to £1,331 per m2 in 2007.

Merthyr Tydfil was not the most expensive area however, with the top ten positions filled by parts of Greater London.

Kensington & Chelsea was the most expensive region, with house prices per m2 recorded at £8,386.

Martin Ellis, chief economist at Halifax, pointed out that the survey highlighted a diverse property market in the UK.

"When looking at property prices on a square metre basis, there has been a huge divergence in house price performance across the UK over the past five years, ranging from a rise of 203 per cent in Merthyr Tydfil to 30 per cent in Camberley," he commented.

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