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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


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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