House Prices Increase In February
House prices increased by 1.8% in February, pushing the UK average up to £192,233, figures have shown.
Halifax said a shortage of housing supply had contributed to the rise but added that there were still signs that interest rate hikes had cooled demand.
The monthly increase helped keep the rate of annual house price inflation at 9.9% for the third successive month.
The latest housing statistics suggest that the monthly rate of increase is quickening, up from 1.3% in January and a drop of 1% in December.
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