New research shows that the average price of a property in a market town in England has increased by 103% in the last ten year, almost £1,000 per month.
The average house price in these towns has gone up from £114,718 in 2001 to £233,416 in 2011, according to research from Lloyds TSB. This is equivalent to an increase of £989 per month over the past decade.
More than half of the market towns in this survey have seen house prices at least double since 2001. Some of the largest prices increases have been in northern England, particularly in the North. The biggest increase was in Stanhope in County Durham where the average price rose by 158% from £57,502 to £148,264. Another market town in Durham, Ferryhill, recorded the second largest rise at 155%.
Alford in Lincolnshire saw prices increase by 150%, Saltburn on the north east coast, Helston in Cornwall and Seahouses in Northumberland were all up 145%. Helston is the only one of the ten market towns with the largest house price growth in southern England.
Source: Property Wire