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Average British home prices rise by £90 per day during first half of 2014

The average British home increased in value by £90 a day over the first half of 2014, according to Zoopla. Average property values in Britain now stand at £260,488, up 6.5% (£16,265) compared to January the firm reports. 

Property values rose during the first six months of the year across all regions of Britain with London continuing to experience the highest growth rate in the country at 8.2% (£43,115). The East and South East of England were not far behind with house price growth of 7.5% (£19,440) and 7.4% (£23,031) respectively since January. Wales and Scotland are trailing the rest of the country so far this year, with only 3.5% and 1.1% property value increases respectively over the past six months.

Salford saw its average property values rise faster than any other town in Britain over the first half of 2014. Since January, average property values in the Manchester suburb have risen 12% (£14,874) and now stand at £138,619 – a growth rate that eclipses even London, although average house prices in the capital, which currently stand at £567,392 according to Zoopla, are more than four times higher than in Salford.

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