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London housing market slowdown 'not as fast as some believe'

The gap between house prices in London and other major regional cities is at its widest for 20 years, according to Hometrack.

This appears to suggest that the slowdown in London is not happening as fast as some expect, with 4.6 per cent average house price growth in the three months to August and a 10 per cent increase in the last 12 months. 

Hometrack's latest analysis of 20 cities across the UK shows Cambridge growing fastest - up 11.2 per cent over the past year. 

Aberdeen, highly reliant on the currently-faltering oil industry, shows the weakest performance with average prices falling 2.0 per cent in a year. 

Elsewhere in Scotland, Edinburgh and Glasgow are performing strongly, with annual house price inflation running at 9.0 per cent and 5.3 per cent respectively. 

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