ONS figures display ‘two-speed’ property market,where annual price growth hit 10.8% in capital but prices in Wales fell over same periodLondon house prices increased by almost £500 a day in January, according to government figures that provide fresh evidence of a “two-speed” property market.
The latest data from the Office for National Statistics (ONS) reveals that while London and the south-east are powering ahead with double-digit annual growth rates, and the property markets in Wales,Scotland and Northern Ireland appear to absorb stuttered to a halt.
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Source: theguardian.com