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The Independent UK

Business

Vicky Shaw

Average UK house price hit record high of £296,000 in August

United Kingdom Nicky Stevenson Fine Country Housing Market Knight Frank

PA Archive

The average UK house price reached a record high of £296,000 in August after jumping by £36,000 annually, according to official figures.

But experts commenting on the data said expectations have changed significantly in recent weeks amid mortgage rate rises, with the likelihood of a dampening effect on house price growth.

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