Monmouthshire becomes rural equivalent of Chelsea as house prices and popularity soar.(News) Western Mail (Cardiff, Wales) | January 19, 2007 | COPYRIGHT 2007 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

Byline: By Sam Burson Western Mail

A welsh property hotspot is becoming a second Chelsea, with a new study showing it is the most expensive place to buy a house outside the south-east of England. Monmouthshire is mimicking the trendy London borough in terms of popularity, and figures from Halifax show average house prices have reached more than pounds 208,000. The survey also shows that of areas to have had the biggest house price increases over the past five years, the top six are all in Wales and Merthyr had the UK's biggest rise of 175% between 2001 and 2006. ...

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