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UK house prices hit record as shortage worsens

0.3% increase in values lifts average to £300,169; prices now double what they were in 2002
Tuesday, February 14, 2017 - 05:50

London

THE average price of a UK home hit a new record in January, continuing an upward trend that is in part being driven by a supply-demand imbalance. The 0.3 per cent increase in values lifted the average to £300,169 (S$534,185), Acadata and LSL said in a report on Monday.

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