Economics
U.K. House Prices Rise Unexpectedly Fueled by Stamp Duty Relief
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U.K. house prices rose unexpectedly in February, continuing a surge fueled by a temporary tax relief on purchases and Covid-induced shifts in people’s lifestyles.
Values increased 0.7% from January to an average of 231,068 pounds ($321,000), Nationwide Building Society said Tuesday. They climbed 6.9% from a year ago, accelerating from the 6.4% pace registered a month earlier.