House prices across the UK have grown by +121.1% in the ten-year period from December 1999-2009 but by just +12.8% in the past five years since 2004 and +4.5% in the year to December 2009, according to Acadametrics.

The region with the greatest rise in the ten-year period was Yorkshire & Humberside with an increase of +146.6%, which is higher than Greater London which saw a +115.4% rise. However, in the past five years since 2004 Greater London has seen the largest increase at +26.5% with Yorkshire & Humberside in third place with a rise of +13.5%. The worst performer was the East Midlands as it saw just a +2.5% increase over the five-year period.

David Thorpe, director at Acadametrics, told PIN: “We see house prices remaining broadly stable this year. However, prices are subject to the wider economy and such a sharp rise in unemployment, or a loss of investor confidence in government bonds, would have a severe effect on the housing market.”

In the year to December 2009 Greater London was the top performer with average price rises of +7%, followed by the South East with +5.7%, the West Midlands however was bottom with just a +1.5% increase, barely ahead of the East Midlands at +1.8%.