House prices in the north-east of England have reached a higher level than ever before, according to new figures from the Annual Housing Summary (AMS).

AMS collates data from the Department for Communities and Local Government, the Land Registry, Halifax and Nationwide.

It found that the number of properties sold in the region spiked by 18 per cent last year, compared to average national rise of about ten per cent.

Jon Carling, head of the North East Regional Information Partnership, which conducted the survey, said: "It's clear that growth rates in prices continue to match those for England even though they did slow slightly in 2006."

He added that "affordability for first-time buyers and demand issues are still core themes of the report".

The highest medium house price was recorded in Northumberland (£135,000), while the lowest such came from County Durham (£105,000).

Nationally, however, average property prices still exceed those in the north-east, clocking in at just shy of £200,000.

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Author:  Joanne McCabe

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