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Regional divide in house prices

Nine of the 10 towns which saw the biggest drop in house prices are outside the South, reflecting the continued regional divide in the property market. Southend recorded the biggest rise in property prices among major UK towns over the past year.

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Southend in Essex records biggest rise in house prices

Southend in Essex has recorded the biggest rise in house prices among major UK towns and cities over the past year, according to research by Halifax.

The average selling price in the seaside resort was 14.8% higher than the previous year, rising to £198,418 by the end of 2012, compared with an improvement of 2.1% on average across the whole of Essex.

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