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UK house prices rise by 0.5% in February indicating improved sales

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The UK house prices increased marginally by 0.5% in February and by 1.9% in the three months to February, rising to reach £163,600, compared with prices in same quarter previous year, reports mortgage lender Halifax. The rise in February marks the fifth consecutive month without registering a fall. The latest data on the UK property market showed ‘evidence of improvement’ and a continued upward trend in housing sales. Halifax expects...

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