House prices rose 5.9% in 2009 after a decade in which property values more than doubled, according to Nationwide Building Society figures.
Despite the 2007-2009 price crash, Nationwide said the noughties had generally been "a very strong decade in terms of house price growth", with prices rising by 117% between Q4 1999 and Q4 2009, the Guardian reports.
Nationwide said the average price of a home is now £162,103, up from £153,048 in December last year. Its index showed prices rose by 0.4% in December, the lowest monthly increase since the spring.
The lender said the UK property market surprised commentators in 2009 by bouncing back from the previous year's double-digit falls of nearly 16%.
As an investment, the figures reveal residential property performed considerably better than shares and many other asset classes.
However, the Guardian says many commentators believe this performance cannot be repeated. It reports the Nationwide's prediction for house price growth in 2010 is "something close to 0%" with the Halifax in agreement.
The London borough of Newham topped the table for house price growth, with typical prices up 190% since the start of 2000. This is largely a result of the "Olympic effect" as the area will host the majority of the games with neighbouring Tower Hamlets and Hackney also enjoying an uplift.
Other star performers were dotted across the country, including Plymouth and Cornwall, where prices are up 160% and 152%; Aberdeenshire and Moray in Scotland (159%); the cities of York (146%) and Sheffield (144%); and the Isle of Wight (152%).
Areas which saw some of the smallest price rises over the decade – about 70% – include Bracknell Forest and nearby West Berkshire.
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