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According to Halifax data, the last decade saw a 105 per cent rise in the cost of the average home.
However, the period from 2000 to the third quarter of 2007 brought growth of 145 per cent, before the following seven quarters brought about a 21 per cent dip.
Housing economist at Halifax Martin Ellis observed that it came after the 1990s actually saw values decline once retail price inflation was factored in.
"The noughties was a significant decade for house prices," he said. "Overall, prices increased considerably despite the marked decline towards the end of the decade."
Earlier this month, Rightmove reported that a 1.2 per cent rise in asking prices had been seen in the first week of the year, with January figures more than four per cent above the level of the equivalent time in 2009.
Posted by Clive Arneil
