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House prices rise 5% 'across UK's 20 largest cities'

The cost of a house has risen by at least 5% in 20 of Britain's major cities, with experts pointing to the rise as a sign of the economic finally trickling out of the south east.

Property analyst Hometrack revealed there was still a wide discrepancy between the north and the south in terms of house prices, with the cost of a home in London rising by 17.3% or by 5.5% in Liverpool and Glasgow.

However, this was the first time in a decade that house prices have risen year-on-year by more than 5% in all 20 cities.

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Average house price rises from London-Aberdeen 2014

Here are average house prices in the UK's 20 major cities in October and the year-on-year percentage growth:

  • London, £402,800, 17.3%
  • Bristol, £217,300, 13.2%
  • Cambridge, £331,000, 12.2%
  • Portsmouth, £194,700, 9.4%
  • Southampton, £189,500, 9.0%
  • Oxford, £333,400, 8.9%
  • Edinburgh, £194,400, 8.7%
  • Belfast, £114,900, 8.3%
  • Nottingham, £128,500, 8.1%
  • Aberdeen, £190,000, 7.9%
  • Cardiff, £176,400, 7.9%
  • Bournemouth, £242,300, 7.6%
  • Manchester, £137,000, 7.6%
  • Leeds, £140,400, 7.3%
  • Newcastle, £123,800, 6.9%
  • Leicester, £143,100, 6.3%
  • Birmingham, £133,700, 6.1%
  • Sheffield, £125,700, 5.7%
  • Liverpool, £109,700, 5.5%
  • Glasgow, £110,100, 5.5%

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