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by: on 16th Apr, 2015

small_20150416-093413Capture.jpgThe London Borough of Greenwich recorded the biggest rise in house prices across the UK over the past year, with Crawley in West Sussex the only area outside of the capital to make the top 10.

The average house price in Greenwich, south east London, rose 24.6pc in the year to November from £263,183 to £328,044, according to research by Halifax.

This was significantly faster than in London as a whole, which saw price growth of 13pc over the same period.

The data shows prices rose by 8.5pc across the UK, bringing the average house price to £209,428.
This is broadly in line with research published yesterday by property website Zoopla, which found UK prices rose by 6pc in 2014 on average, and 15.6pc in London.

Halifax said Ealing in west London experienced the second biggest rise with an average increase of 24.5pc, while Crawley recorded 22.4pc growth.

Sheffield was the top performing area outside the south with prices rising by an average of 13.7pc.

Over the past five years, the South Yorkshire city has seen a significant increase in employment, particularly in managerial, professional and technical skilled occupations. This may have been a key factor in helping to boost housing demand, and prices, in the city.

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