Property market recovery uneven, eXp UK research reveals

Some areas of the UK property market are still struggling to recover from the 2008 recession, according to research by eXp UK, the network of personal estate agents.

While the average UK house price has increased by 81.2% since the recession ended in July 2009, after adjusting for inflation, house prices have only increased by 28.9%.

London has seen the largest uplift with inflation-adjusted house prices up 48.7%, followed by the East of England (45%) and South East (42%).

However, Northern Ireland and the North East are yet to recover, with inflation-adjusted house price growth down -12.1% and -3.7% respectively.

No less than 35 areas are yet to recover once adjusting for inflation, with Aberdeen being the worst place to have bought a home since the last property market crash, with house prices down -37.5% once adjusting for inflation.

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