Nationwide reports ‘surprise’ price rise in February

House prices shutterstock

Mortgage lender says average prices have hit new record high after January decline

Nationwide has recorded a “surprise” leap in house prices in February, adding more weight to evidence of the housing market’s resilience despite the latest lockdown.

The mortgage lender said its monthly price index rose by 0.7% in the month to a record average high of £231,068, pushing annual price inflation up to 6.9%, from 6.4% in January.

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