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Property prices soar across the UK

House prices in every region of the UK have increased this year, further raising concerns that a generation of young people will fail to get on to the property ladder.

New figures from the Office for National Statistics have revealed the average UK price is now £272,000, up 11 per cent from £245,000 while the gap between house prices in the capital and the rest of the UK continues to grow.

The growth surge in July was at the fastest annual pace seen in seven years.


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