Homeowners in parts of Wales have seen their properties rise in value more quickly than anybody else in the UK, according to the latest figures, which could be of interest to those looking to find a remortgage deal.
Research from banking institution Halifax has found that the county of Merthyr Tydfil in south Wales saw more rapid house price inflation between 2001 and 2006 than any other district, with 175 per cent growth on average.
Meanwhile, Wales dominated the next three places in the list with mortgage holders in Blaenau Gwent recording 160 per cent property price inflation, followed by Camarthenshire with 156 per cent growth and the Isle of Anglesey with a 143 per cent rise in house prices.
Commenting on the figures, Martin Ellis, chief economist at Halifax, underlined that the rest of the home nations have outperformed England in terms of house price rises.
"Wales, Scotland and, to a lesser extent, Northern Ireland, have dominated the UK county league table for house price growth over the last five years," he said.
"Southern England, by contrast, has lagged behind."
The news may make positive reading for those mortgage holders in Wales currently embarking on a search for a remortgage deal.
Welsh mortgage holders looking to find a remortgage alerted to Halifax's research
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Welsh mortgage holders looking to find a remortgage alerted to Halifax's research
Fri, 19 Jan 2007
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