House in Scotland: buy now or pay more later

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A region of Scotland tops this year's list of places with the highest annual house price inflation, the Bank of Scotland says.

Bellshill in Strathclyde saw average house prices increase by 70% in the past 12 months, the fastest price increases of any town in the UK. Several Scottish towns figure prominently in the rankings table – some 20 towns north of the border saw inflation rates of 25% or more – although the country still retains the town with the cheapest housing in the UK too. Lochgelly in Fife has closed the year with house prices up 11% to £60,885 – about a third the price of an average Edinburough spread, which costs £177,028. The most expensive houses are still found in the south of England, wi...

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