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FT house price index reports second monthly rise

House prices rose by 0.1% in July, according to the FT house price index, which posted its second successive month of positive growth in a sign that the UK market may be bottoming out.

The average house in England and Wales is now priced at £199,903, having fallen by £31,921 from its peak in February 2008.

Financial Times 08/08/09 page 2

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