Northern Ireland sees the biggest rises with house prices increasing 55% in past year

The average house price in every town in the UK has topped £100,000 for the first time, research revealed this week.

Mortgage lender Halifax reported this week that the average house price in the former mining town of Lochgelly, Fife – previously the only town with an average house price below £100,000 – had risen to £104,738.

According to the research, the biggest house price rises over the past year occurred in Northern Ireland. Craigavon in County Armagh and Newtownards in County Down both saw rises of 55% in the past year.

In England, signs show that the north-south divide has re-emerged, with London, the South West and the South East experiencing the most rapid price rises while house price inflation slowed in the north.