House price growth accelerated across all UK regions in the final quarter of 2006, with London continuing to lead the way in England, according to Nationwide's house price review.
The annual rate of house price inflation in the UK rose to 9.3% in quarter four of 2006, representing a £40 increase each day and pushing the price of a typical house up to £172,065. Prices in Northern Ireland had an annual growth rate of 44.1% - almost five times faster than the UK average and almost three times faster than the 16% recorded in the next best performer, Scotland. London remains the strongest performer in England and is seeing double-digit house price growth for the first time in over two years. House prices in London increased by 11.3% over the past year and the price ...
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