Eco­nomic growth lifts house prices

Yorkshire Post - Property - - PROPERTY -

ECO­NOM­I­CALLY ac­tive lo­ca­tions have seen the value of their prop­erty rise by al­most £110,000 over a decade, ac­cord­ing to new re­search by Hal­i­fax.

Be­tween 1999 and 2009, the value of the av­er­age home in the ten ar­eas record­ing the big­gest in­creases in eco­nomic growth rose by 145 per cent from £75,222 to £184,491, the equiv­a­lent to a weekly in­crease of £228.

The in­crease was al­most a third higher than prop­erty in ar­eas with the weak­est eco­nomic ac­tiv­ity.

Best per­form­ing were Brighton and Hove, Corn­wall and the Isles of Scilly. York was un­usual show­ing low eco­nomic growth but a health in­crease in prices, which rose by 142 per cent from 1999 nd 2009 and by 7 per cent over the last three years.

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