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House prices climb but growth slows

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Office for National Statistics (ONS) figures show that house prices rose by 8.9% in the year to April, with this down on the 9.9% year-on-year increase recorded in March. The ONS said March’s increase, which was the biggest since 2007, may have been driven by buyers looking to complete deals before the original stamp duty holiday deadline of March 31. Month-on-month, data from HM Land Registry shows that the average UK house price stood at £250,772 in April, around 1.9% lower than in March.

 

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