City house prices see average jump of 382%

Sarah Coles
house hunters
house hunters

im Ireland/PA Wire/Press Association Images

There's good news for those applying for city status as part of the Diamond Jubilee celebrations. According to new research, over the past 25 years, house prices in the vast majority of cities have outperformed those in their regions - with some increasing an incredible 550% over that period. Compare that to the towns applying for city status - where just one has outperformed the region.

So why do cities tend to do better, and would city status transform life in these towns?