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House prices in the UK continued to increase in December, data released by the Nationwide Building Society showed Thursday.
The house price index climbed 5.9% year-on-year in December, quicker than a 2.7% rise recorded in November. Economists had forecast 5.6% rise. House prices rose for a third consecutive month in December after stabilizing in September.
On a monthly basis, prices were up 0.4% in December. It follows 0.5% increase in November.
The average price of a typical UK property was GBP 162,103 in December, slightly down from GBP 162,764 recorded in the previous month.
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