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Liverpool and Birmingham become new property hotspots

With buyers in London still facing ‘excessively high house prices’, many are turning to the regions as Liverpool and Birmingham become the new property hotspots.

According to a property price index from Hometrack, house prices in Liverpool, Birmingham and Manchester are now rising more quickly than in the capital, with growth in London 6.4 per cent in January – the lowest level recorded since June 2013.

By comparison, house prices in Birmingham and Liverpool have grown 7.4 per cent and 7.1 per cent, respectively.

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