Nationwide: Liverpool/Carlisle worst for house prices

Michael Hunt

Carlisle and Liverpool are amongst the worst regional towns or cities in UK house price according to Nationwide building society's latest research.

The Cumbrian capital reported a drop in house prices of 3% for June compared to the same month in 2009, to an average of £132,955. Liverpool had an annual change of 0% and average house price of £141,206.

However, Nationwide's research for the second quarter of 2010 said that the average house price in the North West is £141,716, representing a quarter change of 2.6%, which ranked the region as one of the 'best' performing regions over the second quarter of 2010.

Martin Gahbauer, Nationwide's chief economist, said: "Similar to the first quarter, the northern and midland regions generally saw weaker growth than the southern regions. The East Midlands saw the weakest growth out of the English regions, with quarterly price growth of 1.2%. Despite a better performance this quarter, the North remained the weakest region on an annual basis, with prices up 6.0% year-on-year. The Outer Metropolitan region retained second place behind London, with annual growth of 12.9%, following a 2.3% increase over the quarter."

The table below shows the full breakdown of North West sub-regions from the Nationwide figures.

Nationwide Sub Regions

Price in 2010 Q2

% change over ten years

Annual % change last quarter

Annual % change this quarter

Cheshire

£176,172

103%

0%

6%

City of Manchester

£177,754

92%

6%

2%

Greater Manchester

£164,220

116%

5%

9%

Lancashire

£144,419

112%

4%

10%

Merseyside

£145,683

112%

4%

4%

Warrington & Halton

£159,320

101%

6%

7%

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