The average house price in Newham has leapt by 429% since the start of the century, from £75,762 in 2000 to £400,574, a gain of 429%. But the figures also reveal how far house prices have marched ahead of wage growth since the start of the millennium. While the average UK house price has tripled from £91,199 to £279,998 over the past 20 years, wages have risen only by about 70%. In Billingham, Co Durham, average house prices grew by the most, from £192,717 in October 2018 to £216,328 in the same month in 2019, a rise of 12.3%. In Harrow, north London, prices declined by 3.6% in the year to October 2019, said Halifax.

Source: The Guardian December 28, 2019 06:00 UTC