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North-south house price gap begins to narrow

New data from Hometrack indicates that house price growth accelerated in Scotland and parts of northern England in the second half of 2014 as the North-South property divide began to narrow. According to the figures, homeowners in Edinburgh, Glasgow, Aberdeen and Newcastle saw values pick up in the last six months of the year, while the market continued to cool in London, Oxford, Cambridge and Bristol. Richard Donnell, director of research at Hometrack, said: 'House price growth looks set to converge further in the first half of 2015 as high growth markets start to see growth plateau.'

 

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