HOUSE prices in the North-East have increased by the lowest percentage in the country over the past year.
The figures confirm that a North-South divide does exist, with house prices increasing in the South much more than in the North.
The average price for a house in the North-East has risen by just 3.86 per cent, between July 1999 and July 2000.
Between July and September last year, the average house price was £61,869, while for the same period this year the average rose to £64,259.
The figures, published today by the Land Registry, put the North-East at the bottom of the house price league.
Yorkshire fared better, with an 8.15 per cent rise in house prices since last year, but this was still below the national average, of 9.46 per cent.
A spokesman for the Land Registry said: "The average price increased by 9.46 per cent, from £97,616 in 1999 to £100,850 for the same period in 2000, excluding sales under £10,000 and over £1m.
"All economic regions in England and Wales showed an increase in average price, but the volume of sales decreased by 6.89 per cent, from 256,820 in 1999 to 239,114 for the same period in 2000."
East Anglia saw the biggest increase in house prices with an average increase of 19.03 per cent in the past year
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