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Friday, March 6, 2020

UK house price recovery at mercy of coronavirus, warns Halifax

Bank says Brexit worries are no longer holding back sales but outbreak’s economic impact may filter into property market

House prices hit a fresh peak in February, according to Halifax, but the bank issued a warning about the potential impact of the coronavirus outbreak on the property market later in the year.

The UK’s biggest mortgage lender said prices rose by 0.3% in February to a new record of £240,677. The quarterly rate of house price inflation also rose to 2.9%.

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