PROPERTY prices in some areas of the region are to rise by more than ten per cent, it was predicted yesterday.

Your Mortgage magazine said the cost of property in York could increase by 14 per cent during the next five years, against a general trend of decline.

Prices in Yorkshire and the North-East are expected to rise by 10.2 per cent over the period.

Prices are predicted to fall by up to 12 per cent in some parts of the country.

Andrew Stuart, editor of Your Mortgage, said: "Overall, the forecast is projecting a cooling down in the housing market over the next few years when compared to the massive house price inflation of the past few years, which was clearly unsustainable.

"The forecast is not predicting a 1990s-style deep and sustained crash in the market.