We all know that house prices have fallen dramatically, but how has your area held up? Moneywise looks at the latest house price statistics for February 2010.

One upon a time the news was dominated by headlines such as "Soaring house prices hit first-time buyers". But following from the credit crunch, which hit in 2007, the property bubble has burst and prices have taken a sharp fall.

While 2009 saw some return to house price rises - albeit small ones - the picture seems to change on a daily basis, making it confusing to know how you might be affected. Plus, the headlines that make the front page now tend to focus on the national picture, whereas in reality each region of the UK has been impacted differently.

The latest figures suggest house prices are being supported by a shortage of property for sale.

In this article Moneywise looks at figures supplied by Rightmove that show the performance of property throughout the different regions of the UK and Wales.

Rightmove has also supplied Moneywise with the average prices in 13 key UK cities and the towns/cities that have suffered the most dramatic changes in property prices.   

You can also see which areas of London have performed the best - and those that have performed the worst.

House price change by region (England & Wales):

Region	Average price Feb 2010	Average price Jan 2010	Monthly change	Average price Feb 2009	Annual change
East Anglia	£215,982	£278,281	3.6%	£272,843	5.6%
East Midlands	£161,361	£158,675	1.7%	£156,954	2.8%
Greater London	£427,987	£407,731	5%	£387,988	10.3%
North	£140,458	£141,904	- 1%	£141,704	- 0.9%
North West	£162,674	£163,317	- 0.4%	£152,626	6.6%
South East	£288,184	£278,281	3.6%	£272,843	5.6%
South West	£248,357	£252,543	- 1.7%	£230,643	7.7%
Wales	£161,576	£161,270	0.2%	£151,394	6.7%
West Midlands	£185,131	£171,388	8%	£177,350	4.4%
Yorkshire & Humberside	£156,297	£151,893	2.9%	£153,700	1.7%
Source: Rightmove, February 2010

House prices in 13 key UK cities:

City	Average price Feb 2010	Average price Jan 2010	Monthly change	Average price Feb 2009	Annual change
Birmingham	£150,268	£145,305	3.4%	£138,651	8.4%
Bradford	£117,516	£123,680	- 5%	£126,280	- 6.9%
Bristol	£212,544	£209,641	1.4%	£199,544	6.5%
Cardiff	£192,345	£192,978	- 0.3%	£176,407	9%
Milton Keynes	£191,667	£183,152	4.6%	£174,905	9.6%
Leeds	£163,583	£155,364	5.3%	£152,782	7.1%
Liverpool	£136,298	£131,577	3.6%	£139,165	- 2.1%
Manchester	£142,306	£134,019	6.2%	£131,635	8.1%
Newcastle	£148,141	£143,715	3.1%	£145,744	1.6%
Plymouth	£169,699	£169,192	0.3%	£158,593	7%
Sheffield	£140,220	£137,147	2.2%	£139,942	0.2%
Norwich	£180,445	£185,147	- 2.5%	£174,041	3.7%
Reading	£299,390	£290,476	3.1%	£267,291	12%
Greater London	£427,987	£407,731	5%	£387,988	10.3%
National average	£229,398	£222,261	3.2%	£216,163	6.1%
Source: Rightmove, February 2010

Top five best performing counties in February:

County	Average price Feb 2010	Average price Jan 2010	Monthly change	Average price Feb 2009	Annual change
Buckinghamshire	£321,871	£295,268	9%	£295,692	8.9%
Gloucestershire	£252,883	£235,443	7.4%	£220,268	14.8%
Isle of Wight	£229,816	£193,362	18.9%	£210,961	8.9%
London (North)	£413,652	£372,719	11%	£361,592	14.4%
Oxfordshire	£321,145	£291,755	10.1%	£298.007	7.8%
Source: Rightmove, February 2010

Top five worst performing counties in February:

County	Average price Feb 2010	Average price Jan 2010	Monthly change	Average price Feb 2009	Annual change
Cornwall	£247,429	£288,113	- 14.1%	£233,253	6.1%
Devon	£235,516	£250,573	- 6%	£215,758	9.2%
Somerset	£228,873	£237,406	- 3.6%	£216,850	5.5%
South Lincolnshire	£172,235	£179,338	- 4%	£176,045	- 2.2%
West Sussex	£289,601	£297,601	- 2.7%	£270,176	7.2%
Source:  Rightmove, February 2010

Top five best performing areas in London:

London top five	Average price Feb 2010	Average price January 2010	Monthy change
City of Westminster	£1.278 million	£1.112 million	14.9%
Newham	£258,436	£233,220	10.8%
Hounslow	£495,607	£448,033	10.6%
Hammersmith & Fulham	£788,188	£717,781	9.8%
Lambeth	£428,589	£398,588	7.5%
Source: Rightmove, February 2010

Top five worst performing areas in London:

London bottom five	Average price Feb 2010	Average price Jan 2010	Monthly change
Richmond-upon-Thames	£582,600	£584,086	- 0.3%
Sutton	£333,646	£330,825	0.9%
Hillingdon	£346,212	£338,763	2.2%
Islington	£577,920	£564,467	2.4%
Southwark	£395,798	£386,061	2.5%
Source: Rightmove, February 2010

 

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