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 0.4% in February, after a 0.9% rise in January.
On a yearly basis, the U.K. house price index increased at a seasonally adjusted rate of 7.6% in February, after a 7.9% in January.
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 £284,000 in February, down from £292,000 in January.
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