Homeowners in the North of England have benefited from the biggest house price increases over the past year, Halifax has found.
The North West saw eight of the region’s towns feature in the top 10 of this year’s biggest house price increases.
Russell Galley, managing director at Halifax, said: “In an interesting twist, this year’s tables show that the North of the country has witnessed the biggest increases in average house prices, while the South has seen prices dip most significantly.
“This bucks the trend we’ve seen in recent years and marks a small step towards achieving more balance in average regional house prices.
“While this may be good news for those looking to sell in regions such as the North West, it’s prospective buyers closer to the likes of London who may be hoping that a property purchase is becoming that little bit more affordable.”
County Durham’s Billingham in the North East saw average house prices grow the most, seeing a 12.3% rise.
This was followed by Ilkeston in Derbyshire where prices have risen by 9.1% from £249,439 in 2018 to £272,091 this year.
The remainder of the top 10 is taken by towns in the North West.
The areas witnessing the greatest declines in house prices over the past year are all in London or the South East.
Harrow in Greater London saw prices decrease by the most, down 3.6% from £273,930 to £263,964.