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The northern powerhouses of Liverpool and Manchester along with Leicester in the Midlands have seen the biggest house price hikes among Britain’s cities in the last year, according to figures from Zoopla.

While prices are rising significantly in the likes of these three, not a single city in the UK has seen house prices climb over 5 per cent in the last year, marking the first time this has happened since 2012.

The number of homes purchased using cash has slowed markedly in recent years, driven largely by Government stamp duty changes in 2016. Back in 2013, 29 per cent of homes were snapped up using cash, while only one in four are today.

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