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21st February 2014
LSL Property Services has reported that average UK house prices rose by £1,348 in January compared with the same month a year earlier.
The average UK house price was £241,101 showing an annual increase of 5.2% and a monthly change of 0.6%. David Newnes, director of LSL Property Services said: "The UK housing market is roaring back to life in 2014 as the recovery continues across the board. Prices are now up 5.2% annually, driving the price for the average home to a new high. Mostly this is due to much increased activity, with growing demand for property buoyed by low interest rates and Help to Buy, combined with hot competition for homes."