House Prices Up 1.8% in February

House prices are continuing to rise strongly according to Nationwide and Halifax. The 1.8% rise in February means the average annual rise is around 10%. The average UK house price is now around £192,000.

Higher interest rates were expected to slow house price inflation down but this is the strongest increase since October 2006. However, the results of recent rate increases is not likely to be seen for another few months.

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