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University town house prices rise 88 per cent

There was an 88 per cent rise in property prices in the top 20 performing university towns and cities in the past five years, compared to the UK average of 83 per cent, according to Halifax research.
Out of these top performing universities, the research found Manchester recorded the highest property price growth since 1999, with 114 per cent, followed by Bath with 113 per cent and York with 109 per cent rise.
Overall, Plymouth saw the highest rise, up 131 per cent, while Central London delivered the lowest returns with 55 per cent growth.
Halifax Estate Agents managing director Colin Kemp says: “Rising house prices across the UK as a whole have helped parents buying property for their children in university towns and cities to enjoy excellent returns.
“However, the decision to buy property for a son or daughter at university should ultimately depend upon the parents personal circumstances and property prices around the university in question.”

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