UK House Prices Rise for a Fifth Month, Halifax Says
- 0.4% gain in February leaves home values 1.7% higher on year
- But Halifax warns of possible slowdown later in the year
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UK house prices rose for a fifth month in February, confirming a rebound from a slump last year as consumers become more confident that borrowing costs are likely to drop.
Halifax said the average value of a home rose 0.4% from January to £291,699 ($371,710). It left values 1.7% higher than a year earlier.