Thurrock in Essex was home to last decade’s biggest house price increases outside London, according to modular housing developer Project Etopia’s analysis.
Indeed, their report, which uses data from the Land Registry, points to an increase of some 78.2% between the beginning of 2010 and the end of 2019, against a UK-wide average of 38.8% over the same period, excluding London.
Chief executive of Project Etopia Joseph Daniels said: “The staggering extremes of some of these house price increases this decade, topping 76% in 10 years, means owning a home remains an unachievable dream for many.
“In Three Rivers, for instance, buyers would now need mortgages of close to half a million pounds to buy an average home, leaving many properties out of reach for average earners.
“Many homeowners will welcome healthy appreciation, but for the wider country, this is a totally unsustainable situation.
“The UK must accelerate house building to increase supply over the next decade and temper Britain’s affordability problems.
“Only Modern Construction Methods can deliver new homes fast enough to meet the demand and ensure ordinary hard-working people can afford to buy property across the UK.”
Just three regions saw house prices fall over the last decade, with prices falling by 7.8% in Blackpool, while Redcar & Cleveland and Hartlepool fell by 1% and 0.4%, respectively.