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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Mayor of London Sadiq Khan is backing the scheme.
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