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UK: The decade of booming house prices revealed…

Posted on 26 June 2012

House prices in the UK’s most economically active areas surged upwards by an average of £228 a week. Homeowners in parts of the country with a high gross value added (GVA) score – a measure of the local economy – saw their properties rise in value by nearly £110,000 between 1999 and 2009, the Halifax revealed.
But even in these areas, price growth has slowed dramatically from 2009 onwards, as the effects of the recession are felt. In the top 10 economically active areas from 1999 to 2009 (see graphic, right), prices have slipped by 4.3 per cent from 2009 to 2012………………………………………..Full Article: Source


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