House prices across the UK have almost trebled since the property market recovery of mid 1990s, according to new research.
Figures from Halifax showed that the average house price has risen 187% from £62,453 in the first quarter of 1996 to £179,425 in 2006's third quarter - an average increase of 10.6% a year.
Regionally, London delivered the largest increase in house prices since the 1996 recovery, registering a rise of 240% over the last decade.
But Halifax notes that houses in the capital suffered the largest tumbles pre-1996, with a 23% drop recorded between 1989 and the beginning of the recovery seven years later.
The smallest increase since the housing recovery has been in Scotland, where house prices have risen by 7.3% a year from £58,334 in the first quarter of 1996 to 122,521 today.
But analysts added that property north of the border was left virtually unscathed while the English housing market took a hit in the early 1990s.
Homeowners in Cornwall have seen the best return on their property since the recovery with an average house price increase of 274%, followed by Carmarthenshire in Wales with an increase of 264% since the 1996 recovery.
All of the ten best performing counties - six of which are in Wales - have seen house price increases in excess of 240%, the research showed.
But the priciest place to live in the UK, according to Halifax, is Gerrards Cross where an average home will set you back £712,828.
