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|City level house prices up by 6.4% in first half of the year and on track to break 10% by year end|
|Friday, 24 July 2015|
House price inflation across the UK’s 20 largest cities was 6.4% in the first half of 2015 according to the Hometrack UK Cities House Price Index. Glasgow recorded the third fastest growth in 2015 H1 after Oxford and London as the housing recovery spreads. Aberdeen was the weakest performer with house prices flat in the first half of the year.
The year on year rate of growth across all 20 cities covered by the index is 8.4% with an average price of £226,200. At a city level this ranges from 11.6% in Cambridge to 2.9% in Liverpool. Oxford and Cambridge continue to perform like extensions of the London market with all cities having a very similar profile of house price growth over the last 8 years.
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