House prices up 2.8%

 

Halifax’s latest index has indicated that house prices increased 2.8% in the three months to February, compared with the same period a year ago, a rise of 5.9% on a monthly basis – which is the largest single monthly increase ever recorded on the index. The stark contrast to figures from rival lender Nationwide last week, which showed prices were just 0.4% higher in February than the same month last year, has prompted concerns over Halifax’s data.

The Daily Telegraph

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