UK house prices haven't risen in real terms for a DECADE

UK house prices have FALLEN in real terms over the past decade despite the average London home now being worth £475,000, latest figures reveal The areas that had the best price growth are in London and the south of England The north of England and Scotland have registered the least house price growth As well as falling prices, the past decade also seen a low level of home ownership

By Joe Middleton For Mailonline

Published: 08:53 GMT, 13 December 2019 | Updated: 08:55 GMT, 13 December 2019

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UK house prices have fallen in real terms for a decade, despite the average London home now being worth £475,000, new figures have revealed.

The figures, compiled by Savills, show that house prices have risen by 34 per cent on average in the past decade, but when adjusted for inflation, they have fallen by 0.3 per cent.

The areas that had the best growth are in London - where properties have gone up 72 per cent on average in the last ten years - and the south of England.

But

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