Hampshire records big house price increase

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HAMPSHIRE has recorded one of the biggest rises in house prices in the UK, according to a new study.

Despite the fragile economy, the county saw an eight per cent increase in the average cost of a home from 198,224 last year to 214,786 in 2010.

This was the fifth biggest rise in the country, reveals the annual Halifax County House Price Survey of the UK.

Hampshire was behind Conwy in Wales, which recorded the biggest increase, East Dunbartonshire and Dumfries & Galloway in Scotland, and Worcester.

Suren Thiru, housing economist at Halifax, said: 'Many of the counties recording the best house price performance in 2010 are in the south of England, reflecting the general performance of the housing market in this part of the country. Looking forward, we predict that UK house prices at the end of 2011 will be at a broadly similar level to that at the end of 2010.

'Prices are expected to be strongest in southern England as this part of the country is likely to fare better economically.'