Lowestoft: House Prices Rise 12.7%

27 December 2012, 09:09

Lowestoft is sixth on a list of the towns with the fastest rising house prices.

The top ten places with the biggest increase in house prices have been released by Halifax.

Towns within a commuting distance of London dominate the top five on the list but Lowestoft comes in a surprising sixth.

Towns with biggest rises in average house prices:

Southend          14.8% (to #198,418)

Basingstoke       14.7% (#220,320)

Rochester         13.3% (#184,908)

St Albans         13%   (#371,131)

Dartford          13%   (#209,557)

Lowestoft         12.7% (#145,844)

Durham            12.6% (#133,878)

Gillingham (Kent) 12.4% (#171,106)

Uxbridge          11.7% (#309,891)

Bromley           11.5% (#286,482)

Halifax housing economist Martin Ellis said: "Nationally, conditions in the housing market have been largely unchanged over the past 12 months with little overall movement in either house prices or sales for the second consecutive year. This picture, however, conceals considerable local differences.''