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House Prices Jump 10% In Last Year - Survey

(c) Sky News 2014

Average house prices have risen by nearly 10% in the last year, according to a property survey.

Nationwide (LSE: CCDS.L - news) said year-on-year prices were up 9.5% in March, the biggest annual jump since mid-2010.

The March figure was up on the 9.4% recorded in February, the building society said.

The average house price in Britain reached £180,264 in March, it added.

The figure was still around 3% lower than the unadjusted inflation peak recorded by the lender in 2007.

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