6 Oct

University towns 'still exceeding regional average'

University towns 'still exceeding regional average'

A new survey has indicated that the majority of university towns are still displaying a house price premium over their regions.

The eighth Halifax survey of prices in university towns showed that 35 out of the 64 locations included in the study had a higher average price than their surrounding areas.

Winchester had the most notable premium with the average house price being 50 per cent higher than the Hampshire average.

The bank's research also found that Manchester - which had the highest student population in the survey at over 73,000 - has seen average house price growth of 63 per cent in the past five years, compared to the UK rate of 44 per cent.

Belfast, Dundee and Bangor all saw prices increase by more than 100 per cent.

Manchester's house price rise may also be the result of wider demographic factors squeezing supply.

Another recent survey by HBOS showed that Manchester was the only metropolitan local authority in the north of England to experience a population growth of over ten per cent between 1997 and 2007.

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