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Residential property prices increased by 0.4% in February, marking the fourth monthly increase in a row, according to the latest Halifax house price index.

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The data shows that during the month property prices grew 1.7% on an annual basis, against a 2.3% in the prior month.

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The figures showed the average cost of a home in the UK is now £1,000 higher than last month.

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Source: Property Industry Eye

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