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Birmingham Post
Birmingham Post
Business
Hannah Baker

House prices: South West overtakes Wales as strongest-performing area of UK

The South West saw the biggest rise in house prices in the UK in the second quarter of the year, new data from Nationwide shows.

The region overtook Wales as the strongest-performing region, with house prices up 14.7% year-on-year - a slight increase from the previous quarter - while London remained the weakest area for growth.

East Anglia, where annual price growth remained at 14.2%, came in second behind the South West, while Wales saw a slowing in annual price growth to 13.4%, from 15.3% in the first quarter, to take third place in the rankings.

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