Halifax: Merthyr Tydfil sees highest house price rises

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Halifax: Merthyr Tydfil sees highest house price rises

A new survey from Halifax has revealed that the Welsh town of Merthyr Tydfil has had the highest property price growth per square metre since 2002.

It also found that seven of the ten towns that have seen the biggest house price growth over the last five years are in Northern Ireland, led by Craigavon and Ballymena.

Currently, the London borough of Kensington & Chelsea has the most expensive property, at an average of £8,386 per square metre.

It also joins nine other London boroughs to make up the top ten most expensive areas in the country.

The ten priciest towns outside the capital are all the south-east, with the Cheshire town of Altrincham holding the title of the most expensive area outside of southern England.

However, south-eastern towns accounted for nine of the ten smallest price increases since 2002.

Martin Ellis, chief economist at Halifax Estate Agents, said: "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."

According to data released by Nationwide, UK house prices fell for the fourth consecutive month in February.
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