Research by Yopa shows the average UK house price has increased by £73,974 since June 2016, rising from £196,106 to £270,080. However, the gains have been far from evenly spread, with traditionally more affordable markets significantly outperforming many parts of southern England.
Northern Ireland recorded the strongest growth over the decade, with average house prices rising by 69.8%, followed by Wales at 53.2% and Scotland at 42.2%. Within England, the North West led the way with growth of 56.7%, ahead of the West Midlands, East Midlands, and Yorkshire and the Humber.
In contrast, London saw the weakest performance of any UK region, with average house prices increasing by just 10.3% since the referendum. The South East and East of England also recorded below-average growth.
Verona Frankish, CEO of Yopa, commented: 'Many buyers have looked beyond London and the South East in search of greater affordability, more space and better value for money, helping drive stronger price growth across Northern Ireland, Wales, Scotland and large parts of northern and central England.'
Orkney Islands has seen the strongest growth in Scotland, with average house prices increasing by 133.3%. Derry City and Strabane in Northern Ireland has seen growth of 88.5%, while Oldham in the North West has recorded an increase of 86.2%.