'The unachievable dream!' Thurrock house prices have shown huge growth over decade

By Neil Speight

31st Dec 2019 | Local News

THURROCK has seen the largest increase in house prices this decade outside London, analysis of Land Registry data recently released by modular housing developer Project Etopia has shown.

Prices have increased by 78.2% in the past decade from £156,741 to £276,164, compared to an average rise of 38.8% across the UK, excluding London.

Joseph Daniels, chief executive of Project Etopia, 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.

"Healthy appreciation will be welcomed by many homeowners 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.

House prices fell in just three parts of the country in the last 10 years — Blackpool (-7.8%), Redcar and Cleveland (-1.0%) and Hartlepool (-0.4%).

     

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