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U.K. February Home Values Rise on London Boost, Hometrack Says

U.K. house prices rose for the first time in nine months in February as demand for homes increased in London and southern England, Hometrack Ltd. said.

Prices in England and Wales advanced 0.1 percent from the previous month, the property researcher said in a statement today. The number of new buyers registering with agents rose 14.3 percent on the month, outpacing an 8.7 percent increase in supply. From a year earlier, values were down 0.1 percent.