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Evening Standard
Evening Standard
Business
Jonathan Prynn

Cheaper mortgage rates drive house price recovery to start 2024

Cheaper mortgages have put an early spring in the step of the property market with prices rising a higher than expected 0.7% this month, according to latest figures from Nationwide. 

Britain’s biggest building society said the average cost of a home in the UK rose to £257,656 during the month. That leaves it just 0.2% below the same month last year.

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