House prices in Edinburgh are growing nearly as fast as those in London, a new report has found.
The value of property in Edinburgh jumped by eight per cent during the last 12 months, meaning the property market in Edinburgh is catching up with what has traditionally been the UK’s most active hotspot, where house prices grew by nearly 10 per cent.
The figures were revealed in the latest Hometrack UK Cities Index, which keeps tabs on house prices in 20 urban centres around the UK. Overall, house prices rose by 4.3 per cent in the UK’s cities between May and July 2015, the highest quarterly growth for 11 years.
The full report can be read here.
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