Over recent months many reports have highlighted how properties have been picking up in terms of value following a year and a half of month on month falls. For many homeowners this brought some degree of comfort, but one report has suggested that the news of the house price gains will not be good news for all homeowners.

A recent survey of homes for sale have shown that the house price increases can vary dramatically based on the type and location of the property, and this means that there is still a house price gap that is continuing to grow.

Whilst homeowners in some areas of the UK are sporting beaming smiles having seen their property value shoot up considerably after a turbulent period, homeowners in other parts of the country have seen the value of their homes continue to tumble.

For example, in London house price growth is said to be has high as 7.1 percent. However, in Scotland the average house price is said to have fallen by around 12.2 percent.

Figures have suggested that the house price increases that have been reported over the past few months have been largely centred around London and the South East, which means that whilst the year may end on a high for some homeowners this will certainly not be the case across the country.

Nigel Lewis from property website FindAProperty said: “This year’s ups and downs mask considerable variations between the winners and losers. Different regions, cities and different types of property performed extremely variably.” He added that some parts of the city had been adversely affected too, adding: “The oversupply of new-build property around the Cutty Sark and Woolwich Arsenal has partly been to blame for the dip in prices.”

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