Statistics released by the Land Registry confirm the continuingboom in house prices across the country, with properties in thehighest price bracket seen as a mark of consumer confidence.Repeated price rises are taking many properties, which at one stagewere considered modest family homes, into a price bracketpreviously associated with the super rich.

The average price of a home in London and Wales has increased by£220 a week over the last year and now stands at £117,398. Propertyin London is now fetching a staggering average of £204,000,prompting the question how many young people working in the capitalcan possibly afford a home.

Although London boasts the highest average home price in thecountry, some of the steepest price rises have been seen elsewhereas formerly unpopular areas are now being considered highlydesirable. East Midlands registered a 15.6% increase to an averageprice of £83,381 and the West Midlands 15% to £92,337.

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