The latest Halifax house price index suggests the housing market remains on the road to recovery, with prices climbing 1.3% in January, the fourth consecutive monthly rise.
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UK house prices rose by 0.7% in January, after taking account of seasonal effects. This resulted in an improvement in the annual rate of house price growth from -1.8% in December to -0.2% in January, the strongest outturn since January 2023. Commenting on the figures, Robert Gardner, Nationwide's Chief Economist,
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