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UK house prise inflation up 12.1%

UK house price inflation up 12.1%

13.08.2007

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UK house price inflation rose to its highest level since March 2005 despite higher borrowing costs.

Annual house prices rose 12.1% in June against a revised 10.8% increase in May, according to the Department for Communities and Local Government.

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London is leading the way again with inflation up 17.5% compared to 14.3% last month.

The average house price now stands at £214,222.

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