 Widnes was long famed for its chemical works only |
A town in Cheshire, famous for its chemicals plants, has become the UK's number one property hotspot. Over the past year, prices in Widnes have risen by 68%, according to the Halifax bank.
All of the UK's top 10 property hotspots are now outside the south of England.
House price rises in the north of England and Scotland are narrowing the gap with the south.
Playing catch-up
House prices in Wales have also boomed over the last year - on average increasing by 31.9%.
The average price in Wales has broken the �100,000 barrier for the first time - and four towns in this region are among the top ten hotspots in the whole UK.
Barry in South Glamorgan, with an annual price rise of 59%, was the top hotspot in Wales, with Swansea following second with price rises of 53%. In contrast, London - the longtime leader in the housing boom - has experienced below 10% annual growth for the first time since the first three months of 2001.
Despite a slight improvement in prices in the last quarter, annual house price inflation continues to slow in the capital, falling to 8.6% from 11.5% in the second quarter.
All-in-all it now means the gap between prices in the south and the rest of the country has narrowed over the past six months.
The difference between the average UK property price and London has fallen by �5,600.
But northern house prices still have a long way to go before they catch prices in the south - and any role reversal seems a long way off - if out of the question.
Martin Ellis, Halifax's chief economist, said: "The recent rapid rises in house prices in the north have led to a modest reduction in the north- south property divide over the last six months.
"More favourable housing affordability and encouraging labour market trends in the north should cause the gap to narrow further during the coming few quarters.
"The substantial differential in property prices between the south and other regions is, however, set to persist." | TOP UK HOTSPOTS |
| UK Average House Prices |
| Town | County | Q3 2002 Average price | Q3 2003 Average price | % change |
| Widnes | Cheshire | �92,576 | �155.351 | 68% |
| Barry | South Glamorgan | �83,380 | �132,677 | 59% |
| St Helens | Merseyside | �72,875 | �112,843 | 55% |
| Swansea | West Glamorgan | �74,049 | �113,028 | 53% |
| Billingham | Cleveland | �80,841 | �120,095 | 49% |
| Bridgend | Mid Glamorgan | �80,402 | �119,069 | 48% |
| Rochdale | Greater Manchester | �66,800 | �97,957 | 47% |
| Shipley | West Yorkshire | �91,538 | �133,196 | 46% |
| Cwmbran | Gwent | �77,132 | �112,218 | 45% |
| Kilmarnock | Strathclyde | �56,509 | �82,202 | 45% |
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| Source: Halifax House Price Index |