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Which big cities have seen the highest house price growth over the past decade?

By Vicky Shaw, PA Personal Finance Correspondent

The average price of a home in major cities across the UK has increased by nearly £90,000 over the past decade, according to analysis.

As the end of the decade nears, Zoopla found the average house price across the UK’s 20 biggest cities has increased by £89,987 across the period – or around 54%.

This is a bigger increase than the average house price uplift across the whole of the UK over the past 10 years, at £62,218.

Average London house prices have surged by £204,400 over the past decade.

The typical house price across the cities covered by the index is now £257,200, while in London it is £479,000.

London has seen average house prices increase by £204,400 over the past decade (Kirsty O’Connor/PA)

But city house price growth has varied widely over the past decade, reflecting the relative strength of local economies.

House prices in Belfast and Aberdeen are lower compared with 10 years ago, the index found.

Zoopla said Aberdeen was affected by the oil price crash post-2015, and Belfast, having registered six years of house price falls between 2007 and 2013, has been slower than other major cities to see a sustained recovery in house price growth.

Looking ahead, Zoopla expects city house prices to increase by 3% over 2020 as a level of pent-up demand returns to the market following the General Election result.

Richard Donnell, research and insight director at Zoopla, said: “The election result provides an element of certainty for households looking ahead to 2020, but the result changes very little in terms of housing market fundamentals.

“While we expect some pent-up demand to return to the market in (the first quarter of) 2020, the affordability of housing across the country will dictate the level to which prices will increase in 2020.

“Lower mortgage rates have already been reflected in higher house prices, which means house prices are set to rise at a lower rate in future – more in line with average earnings.

“We expect UK city house prices to increase by 3% over 2020.”

Here are current average house prices followed by the change in percentage and cash terms over the past decade, according to Zoopla:
– Aberdeen, £158,945, minus 0.7%, minus £1,164
– Belfast £137,987, minus 3.4%, minus £4,896
– Birmingham, £167,624, 43.1%, £50,520
– Bournemouth, £291,023, 44.5%, £89,576
– Bristol, £285,564, 67.7%, £115,243
– Cambridge, £416,932, 67.4%, £167,808
– Cardiff, £211,088, 38.1%, £58,263
– Edinburgh, £240,408, 34.5%, £61,693
– Glasgow, £123,577, 15.0%, £16,087
– Leeds, £168,595, 31.3%, £40,155
– Leicester, £180,137, 48.5%, £58,870
– Liverpool, £121,858, 17.2%, £17,872
– London, £478,982, 74.4%,£204,371
– Manchester, £173,396, 43.8%, £52,774
– Newcastle, £129,650, 15.6%, £17,502
– Nottingham, £157,752, 43.6%, £47,895
– Oxford, £411,473, 56.3%, £148,235
– Portsmouth, £239,621, 46.2%, £75,773
– Sheffield, £139,321, 27.1%, £29,681
– Southampton, £227,980, 42.2%, £67,706
– Average across all 20 cities, £257,198, 53.8%, £89,987
– Average across whole of UK, £219,986, 39.4%, £62,218