Major UK city overtakes London for fastest house price growth with 71% rise
Areas of Greater Manchester have seen house prices rocket over the past two decades (Picture: Getty Images)Over the past 20 years, one in five British homeowners have seen the value of their property rise by 20% or more.And new analysis from estate agent Savills reveals that, nationwide, nominal house prices have nearly doubled over two decades, climbing by 95%.However, when adjusting for inflation, the average real increase dwindles to under 9%, underscoring economic pressures such as wage sta