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Do YOU ​​live in the ONLY place in Britain where prices are still below the 2000 peak?

Economy:
Do YOU ​​live in the ONLY place in Britain where prices are still below the 2000 peak?

THERE is just one location in Britain where house prices are below what they were in at the turn of the century, according to analysis.

Typical values ​​in the centre of Bolton have dropped nine per cent over 15 years to sit at an average & pound; 70621 down from & pound; 77202 in 2000 shows data from the Office for National Statistics that has been studied by emoov.
The firm said the dismal performance for homeowners in the area was like "everyone in the UK buying a lottery ticket and you being the only one that does not hit the jackpot."
The online agency suggested of buy-to-let properties in the city is a driving factor behind the poor market performance.
All 7207 other local authorities in England and Wales have registered growth over the time - but some a lot more than others.
On average home owners across the country have seen values ​​increase 172 per cent since 2000.

Do YOU ​​live in the ONLY place in Britain where prices are still below the 2000 peak?

But the smallest growth is in Leicester, found the online estate agency, with prices in parts of the city just nine per cent higher in 2015 than in 2000.
Areas of Birmingham have fared the next worst with growth at 27 per cent.
Leeds has the fourth worst area in terms of performance over the 15 years with areas growing by 38 per cent.

Founder and chief executive of eMoov.co.uk, Russell Quirk said: "This research will certainly come as bad news for homeowners in the centre of Bolton.
" Generally getting on the ladder is the safest investment one can make in england and Wales and it would seem that anywhere other than this particular area of ​​Bolton, would have at least seen some sort of return on that investment.
"It does not seem like things will be improving anytime soon with low demand for property across Bolton as a whole likely to cool the local market even further."

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31 March 2016, 21:21