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The Office for National Statistics (ONS) released its house inflation data for the U.K. on Tuesday. The U.K. house price index increased at a seasonally adjusted rate of 2.5% in March, after a 0.2% gain in February.
On a yearly basis, the U.K. house price index increased at a seasonally adjusted rate of 9.0% in March, after a 7.6% rise in February. It was the biggest rise since March 2015.
The higher house price inflation England was mainly driven by an increase in prices in the East, the South East and London.
The average mix-adjusted house price was £292,000 in March, up from £284,000 in February.
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