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Hipsters set new trend in British housing market

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Hipsters set new trend in British housing market

Housing in such places as Bristol, Manchester, Edinburgh and London has become more expensive due to their popularity among hipsters, Mirror reports on Monday citing a research conducted by property website Zoopla.

Zoopla explored house prices in areas attracted by “new generations of creative, upwardly-mobile people”.

With rising property prices, hipsters chose run-down areas, what resulted in their revival, representing “new trendy hotspots”. The top one is Dalston in East London, with an avarage property prices there amounting to £633,593, showing an increase of about 60% over the past five years.

Housing prices also increased in London's Shoreditch, Stratford, Tooting and Stoke Newington, as property values in other cities' suburbs.

A 40% surge was observed in Montpelier in Bristol, while housing prices in Chorlton in Manchester increased just by 28% over the past five years.

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