House prices remained flat in the UK in February, according to the latest official figures from the Land Registry. The lack of change left annual house price inflation up at 8.4%, following the surge in prices seen in the wake of the spring 2020 lockdown.

The figures reflect activity prior to the chancellor’s announcement on 3 March of an extension to the current stamp duty holiday for homes under £500k in value, and of the introduction of a mortgage guarantee system to support 95% loan to value mortgages.

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