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House price growth accelerates

House price growth accelerated in February, to 0.6% on the month from 0.2% in January, figures from lender Nationwide show.

The increase – the third consecutive monthly rise – means the average house price is now £205,846.

On the year, prices rose by 4.5% against a 4.3% rise in January. Both figures beat expectations.

Click here for the full Times article (£)

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