No sign of expected slowdown yet as increase breaks records
The average house price in the United Kingdom rose 12.6% in February year-on-year as prices show no sign of slowing down.
According to Nationwide the average price was £260,230 in February an increase of £29,162 on the same period in 2021. This is the largest annual increase in cash terms since the start of the index in 1991.
Prices also rose 1.7% month-on-month- the seventh consecutive monthly increase.
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