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House price growth in NE steady

House price increases continued to be steady in the North East and Cumbria, according to data published by Northern Rock.

Prices rose 1.8 per cent in the quarter to July 2001, compared to 1.2 per cent for the same period last year.

Northern Rock chief valuer Alistair Laws says: “The region&#39s housing stock remains relatively affordable, as prices have not outstripped earnings to the same extent as in London and the South East.”

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