University homes grow at twice UK average

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A quarter of university towns in the UK recorded a rise in house prices of 20% or more over the past year, according to Halifax's annual review of university house prices.

The review of 79 university towns found that 20 towns saw house prices grow by 20% or more, almost twice the UK average of 11%. The overall average increase for university towns was 14%. Belfast was the fastest growing town with a 47% rise in house prices during the year to June 2007. The research also found seven university towns showed an increase in average house prices of over 50% in the last three years. Belfast was the best performer again, with a 97% increase in prices over three years, followed by Aberdeen, at 75%, Dundee, at 64%, and Tower Hamlets in London, with 61% growth i...

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