House price growth highest for 15 years

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Halifax says quarterly growth strongest since 2006

House prices in the United Kingdom rose at their fastest quarterly rate for 15 years in the last three months amid a shortage of available properties, according to the Halifax.

The mortgage lender’s latest house price index shows the average house price rose 3.4% to 272,992 for the three months to the end of November. This was higher than for any quarterly period stretching back to late 2006.

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