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House prices in the U.K. rose 1.2% month-on-month in January after rising an upwardly revised 0.5% growth in December, the Nationwide Building Society said Friday. Economists had forecast house price growth to ease to 0.3% in January. House prices have been rising since May 2009.
On an annual basis, the house price index climbed 8.6% in January after 5.9% increase in the previous month. The rise in January marked the fourth consecutive increase after prices stabilizing in September.
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