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September 22, 2008

House prices: the 10 best and 10 worst performing counties

Houses

House asking prices fell by another 1 per cent in September, according to the monthly report from rightmove.co.uk, the property website. But, as ever, the figure masks widespread regional variations. Here are the counties where asking prices have fallen the least - and the most - over the last quarter.

County

Average House Price September 08

Average House Price June 2008

Quarterly change

TOP TEN

Central London

£1,107,343

£1,066,740

3.8%

North Yorkshire

£240,668

£244,423

- 1.5%

Cheshire

£208,494

£212,033

- 1.7%

East Riding of Yorkshire

£139,907

£142,815

- 2%

Hampshire

£252,971

£260,914

- 3%

London - West

£379,546

£391,524

- 3.1%

Suffolk

£196,718

£203,004

- 3.1%

Somerset

£233,689

£241,368

- 3.2%

West Sussex

£297,604

£307,487

- 3.2%

Warwickshire

£221,535

£229,338

- 3.4%

BOTTOM TEN

Derbyshire

£150,289

£172,416

- 12.8%

Berkshire

£309,210

£348,764

- 11.3%

Isle of Wight

£238, 565

£268,991

- 11.3%

Surrey

£423,442

£471,454

- 10.2%

Teeside

£134,003

£145,464

- 7.9%

South Lincolnshire

£172,740

£187,409

- 7.8%

Hereford and Worcester

£221,875

£240,494

- 7.7%

West Yorkshire

£157,324

£169,988

- 7.5%

South Yorkshire

£139,841

£150,746

- 7.2%

Cornwall

£253,831

£273,147

- 7.1%

Source: Rightmove.co.uk

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Posted by Times Online Money desk on September 22, 2008 at 10:13 AM in House prices and mortgages | Permalink Bookmark and Share

Comments

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Am first-time buyer and been looking for a house to buy in Derby since start of this year. I have not noticed much of a drop on £150k-£250k priced houses.
Estate Agent Valuers are still delusional and Sellers are standing there ground and very reluctant to reduce more than a couple of percent. The report must be taking into account all those £300k+ ambitiously and ridicously priced houses (mostly newly-built) which have somewhat redcued and hence these figures are mis-leading and should be taken lightly.
Dont worry, the bubble is being squeazed and sellers must reduce or the bubble will inevitably pop !

Posted by: Az | 24 Sep 2008 16:37:07

As commented, this is a silly survey. Here in Brighton and Hove (East Sussex) there seems to be denial that the market is falling - yet Estate agents are beginning to close branches. Those that are open are trumpeting the meaningless stamp duty changes. Survey the sold prices.

Posted by: john | 24 Sep 2008 15:00:18

Another weakness of this survey is that it's of asking prices, not sale prices. Asking prices merely indicate people's aspirations, not the performance of the market.

And where are Yorshire and Yorskhire?

Posted by: Geoffrey Negus | 24 Sep 2008 14:09:50

Maybe Scotland, Wales and Northern Ireland are not included because they don't actually have any of the the best/worst performing counties in them?

Posted by: Lisa | 24 Sep 2008 12:39:01

I seriously doubt these figure, to see the real drop you have to look at the prices as they were last summer and the actual purchasing price now. I think you'll find the drop in prices has been a lot greater than is being reported. Forget asking prices on the day of sale that';s meaningless.

Posted by: Reg | 23 Sep 2008 15:19:38

There are 11 in the top 10 - because West Sussex is listed twice.

Posted by: Iain | 23 Sep 2008 09:49:05

Slight mistake here with Teesside spelt Teeside!.

Posted by: Josh | 22 Sep 2008 21:04:31

Bad time to be living in Derbyshire. First Derby County get relegated now house prices are going the same way...

Posted by: W.Arkwickshire | 22 Sep 2008 17:33:09

@Fiona. Wrong. Wales is left out too. Unbelievable. Cymru am byth.

Posted by: Myfanwy | 22 Sep 2008 12:39:27

It would be more accurate if you reported this as best/worst in England/Wales - it certainly doesn't include Scotland or Northern Ireland.

Posted by: Fiona Sloane | 22 Sep 2008 11:41:04

The comments to this entry are closed.

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