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The Halifax releases its house price index data for the U.K. on Thursday. The U.K. Halifax house price index climbed 0.4% in March, after a 0.4% decline in February. February's figure was revised down from a 0.3% decrease.
The increase was driven by wages growth and low mortgage rates.
On y yearly basis, U.K. Halifax house price index rose 8.1% in March, after a 8.3% increase in February.
"The recent return to real earnings growth for the first time in several years, very low mortgage rates and last December's stamp duty changes are supporting housing demand," the Halifax economist Martin Ellis said.
He added that the rising level of prices in relation to earnings should curb price growth and activity.
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