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Commercial Credit News
|Residential sales volumes increase by over a third in cities outside southern England|
|Friday, 27 March 2015|
Hometrack’s UK Cities House Price Index reveals that the rate of house price inflation continues to slow with growth of 10% in the 12 months to February compared to 11.6% six months ago. House price growth ranges from 3.6% in Newcastle to 12.9% in London.
While house price growth in high value cities such as London, Oxford and Cambridge continues to slow, lower value cities registered a sharp uplift in transaction volumes in 2014 as demand for housing grows, which suggests there is substance to the recent pick-up in house price growth.
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