- My Account
- Logout
- Register
- Login
Ten-year property price boom
Related Articles
02 January 2008
County Armagh enjoyed the strongest growth during the decade, with the average cost of a home soaring by 331% to £220,229 between 1997 and 2007, Halifax said.
Five counties in Northern Ireland made it into the top 10, with County Tyrone and County Antrim seeing prices soar by 315% and 293% respectively, on the back of the region's house price boom.
The cost of property in Northern Ireland has been driven up sharply during the past few years due to a combination of a strong local economy, high levels of immigration and high demand for properties from people buying second homes and buy-to-let investors.
Outside of Northern Ireland, Carmarthenshire saw the strongest growth during the period, with prices rising by 287%, followed by the Isle of Anglesey at 269%.
Cornwall and the Isle of Wight were the only counties in England to make it into the top 10.
Martin Ellis, Halifax chief economist, said: "The counties recording the best house price performance over the past ten years have mainly been outside southern England.
"Four of the five counties with the highest house price growth are in Northern Ireland, reflecting the strength of the housing market there over the past few years."
Overall, Halifax said 44 out of 104 counties had seen at least a trebling in average house prices during the past decade and all counties have recorded at least a doubling.
North Lanarkshire in Scotland was the only place in the UK were house prices rose by less than 150%, with the county seeing gains of 149% between 1997 and 2007.
Top stories in News in brief
News in brief in Pictures
Top stories in News in brief
News in brief in Pictures
-
London gets ready for the Diamond Jubilee - in pictures
-
EXCLUSIVE: I won't play with Joey Barton, says Adel Taarabt
-
Diamond Jubilee: Boat by boat, here is where to watch the Queen's Thames flotilla - VIDEO
-
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party
-
News pictures of the day
-
Locked up and banned: The Tube drunk whose vile racist rant was caught on film (video)
-
London 2012 Olympics: Raising the bar and the Games haven't even started yet. Price of toasting Team GB is £6 a pint! -
Timebomb ticking in Thames Estuary could put Boris Island plans in jeopardy -
Regent’s Park rapist: Teenage jogger assaulted by stranger in terrifying 7am attack -
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party
The O2
Check out the cool stuff happening under our tent such as the hottest gigs, comedy, sport, films, clubs, bars, restaurants and much more.
A home to be proud of with Halifax
Download the Halifax's brilliant, free new Home Finder app, and take all the pain out of finding your dream home.
Can you imagine a career in teaching?
Be inspired to teach - let real teachers show you how rewarding the job can be.
Playing a game-changing role during the Games
Cisco is providing the solutions for London 2012's complex IT needs.
Win a Silverstone track day with Zantac 75
Feel the burn of a different kind - 20 Silverstone motoring experiences to be won
Celebrate with MARTINI®
This weekend toast one royal with another and make your Jubilee sparkle with a MARTINI Royale.
Reader Offers email A fantastic selection of
offers, giveaways and
promotions.
Why I think doctors are right to strike
Family pay tribute to the London man who gave his life to save a five-year-old girl from drowning
Eton schoolboys fly Games flag on Everest
Horror on the 5.53! Commuter dragged 200 feet after getting hand trapped on train
Shrimpy's - review