Mortgage holders on alert as Brighton tops house price inflation index by Finance News Bulletin

Published: 02/05/07

Brighton has emerged as the region of the country that has experienced the most rapid house price price rises per square metre over the last decade, mortgage holders may be astonished to learnIn a study of 62 cities across the UK from Halifax Estate Agents, the cost index was calculated by using the average possessions value from the Halifax house price index alienated by the average size of the homeAnd with prices increasing from £673 per square metre in 1996 to £2,310 in 2006, it means that Brighton has encountered ten-year price price rises of 280 per cent - faster than anywhere else in the UKMortgage holders in the city may also be reassured to hear that the accommodation situation continues to show double-digit enlargement - between 2005 and 2006 the average property price increased by 11 per cent

Martin Ellis, leader economist at banking organization Halifax, also highlighted the issue of house prices in the assets"London is the most expensive city in the UK, with an average cost of £3,883 per square metre, although ten years ago the capital was ranked next behind St Albans," he saidAccording to information from financial services provider Prudential, the comparable figure was 42 per cent a decade earlierToday's Most Popular Results Mortgage Enquiry Form Need existence Insurance

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