Rising house prices buck the trend

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PARTS of South Yorkshire are bucking a national trend for a continued decline in house prices.

According to the Halifax Town House Price Survey, the UK experienced an average decline in values of four per cent, compared with last year.

But in Yorkshire and The Humber, the decline was 3.7 per cent – and Doncaster was among areas where average property prices had actually risen, by three per cent, to £117,030.

Analysts reported a 2.8 per cent increase in Sheffield house prices in the last year, boosted by an increase of more than five per cent in the third quarter.

Chesterfield suffered the seventh biggest slump, according to the report, with mean house prices falling 12 per cent to £120,811.

With close access to London, the town of Woking was named the UK’s best performer, with prices rising 16 per cent to average £299,654.

The UK average house price is now £172,400.

Martin Ellis, housing economist at Halifax, said: “There have been significant differences in performance in towns across the country. Towns recording the biggest rises are within easy commuting distance of major commercial centres. The majority of towns that fared worst are outside southern England where economic conditions have tended to be less favourable.”