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|Gap between house prices in London and major regional cities at widest level for 20 years|
|Friday, 25 September 2015|
The gap between house prices in London and other major regional cities is at its widest for 20 years, according to Hometrack’s UK Cities House Price Index.
Despite reports of a reduction in the gap between regional house prices, these city level figures, confirm that the slowdown in London is not happening as fast as some expected, with 4.6% growth in the three months to August and a 10% increase in the last 12 months. This is despite the ratio of average prices to earnings exceeding twelve times – a record high.
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