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UK house prices rise 9.5% y/y in September

FILE PHOTO: A ‘For Sale” sign is seen outside a residential house during sunrise in London

(Reuters) - British house prices increased by 9.5% year-on-year in September, the Office for National Statistics (ONS) said on Wednesday.

The increase was lower than the 13.1% jump in August as house prices rose sharply last September, coinciding with changes to the stamp duty land tax, the ONS said.

(Reporting by Sachin Ravikumar; Editing by William Schomberg)