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House prices rise fastest in North West

House prices in the North West rose the fastest in the UK compared with a year ago, according to official figures.

Annual growth in property values in the region stood at 5.6% by July, the Office for National Statistics (ONS) said.

The biggest fall was in London, where prices dropped by 0.7% year-on-year.

However, the capital had the highest average house price of £484,926 - almost four times higher than the North East.

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BBC News

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