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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 rose at a seasonally adjusted rate of 0.8% in July, faster than a 0.6% in June.
The increase was mainly driven by a rise in prices in the east and south-east of England.
On a yearly basis, the U.K. house price index increased at a seasonally adjusted rate of 5.2% in July, down from a 5.7% gain in June. It was the lowest rise since September 2013.
The lower house price inflation was mainly driven by a decline in prices in Scotland and the north-east of England.
The average mix-adjusted house price was £282,000 in July, up from £277,000 in June.
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