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UK house prices rise at fastest pace since September – ONS

© Reuters. FILE PHOTO: High-rise apartments under construction can be seen in the distance behind a row of residential housing in south London, Britain, August 6, 2021. REUTERS/Henry Nicholls

LONDON (Reuters) – British house prices in February were 10.9% higher than a year earlier, up from a 10.2% increase in January and one of the biggest annual increases in more than 15 years, official figures showed on Wednesday.

Annual house price inflation in Britain hit a record 13.5% in June 2021 and 11.5% in September, due to expiring deadlines for a temporary reduction in purchase taxes.

UK house prices rise at fastest pace since September – ONS

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