House prices in the East Midlands rose at more than three
times the pace of London in the past year. Property prices in the region rose
by 7% in the year to October - the fastest in the UK, the Office for National
Statistics (ONS) said. The slowest house price growth over the same period was
a 2.1% rise in London. However, average prices in the capital remain the
highest at £481,000, compared with a UK average of £224,000, the ONS figures
show. The typical UK house price rose by £10,000 compared with a year earlier,
but was £1,000 lower than in September. Read more on the BBC website.
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