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Annual UK house price growth at weakest since July 2013

Staff Writer |
House prices in the three months to February were up 5.1% from the same period the year before, but down compared to a 5.7% increase in the three months to January, according to data from lender Halifax.

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The increase was weaker than the 5.3% analysts had expected and marked the lowest annual rate of growth since July 2013.

House prices were up 0.1% in February compared to the month before, when they fell a revised 1.1%, missing expectations for a 0.4% jump.

On a quarterly basis, prices were up 1.7%, down from 2.3% in January.

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