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Property hotspot shows fivefold price hike

Newry in Northern Ireland can lay claim to be the UK’s property hotspot of the past decade with house prices managing a near fivefold rise, according to research published today.

Halifax said that in the country as a whole house prices have risen by an average of 187% since early 1996, while the FTSE 100 climbed by 61%.

Newry has been the best performer with homes increasing in price on average by 371%.

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