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U.K. house prices increase as tax-holiday rush boosts demand for property

Posted on 09 March 2012

U.K. house prices rose the most in four months in February as first-time buyers looked for homes with “urgency” before a property-tax exemption ends in March, Acadametrics Ltd. and LSL Property Services Plc (LSL) said.
The average price of a home in England and Wales rose 0.2 percent from January to 219,844 pounds ($347,900), the groups said in an e-mailed report in London. From a year earlier, values fell 1.8 percent, the quickest pace since July………………………………………..Full Article: Source


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