AVerage UK House Prices over £100,000 in every town

Research by Halifax Britain's biggest mortgage lender shows that even the cheapest town in the UK, Lochgelly, has an average house price of over £100,000.

In another study it is suggested that 99% of all towns are too expensive for a nurse to buy a house in.

Lochgelly in Scotland used to be a mining town, but suffered economically when the mines closed down. However in recent years it has been a target for regeneration and this has had a knock on effect for house prices.

The average UK house price is now over £160,000. House Price inflation continues to exceed market expectations. There are concerns that first time buyers are being priced out of the market. However despite this occurring it is not limiting house price increases because of the shortage of supply relative to demand.

UK House Prices

House prices by postcode

average house prices pass £100,000

The news will add to growing concerns that thousands of key workers and first-time buyers are being priced out of the market. A recent report showed 99 per cent of towns are unaffordable for a nurse on a typical salary.

The report revealed another milestone. For the first time, the 10 towns that have seen the biggest house price rises during the last 12 months are all in the same area - Northern Ireland. Craigavon in County Armagh and Newtownards in County Down are the UK's property hotspots, both clocking up a 55 per cent rise in prices in the past year.