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7 Jun 5:16am

UK house prices ‘likely to keep rising despite hitting record high’

The Guardian
Halifax says average selling price rose by almost £22,000 year on year in May as stamp duty deadline nears House prices are likely to continue rising for some time despite hitting a new record high in May, one of Britain’s biggest mortgage lenders has said. The monthly snapshot of the property market from Halifax showed a 1.3% jump in the cost of a home in May, taking the average selling price to a record £261,743 as homebuyers raced to complete purchases before the stamp duty holiday begins to run down at the end of this month.
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