House prices make decent start to year

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House prices rose in January by a seasonally adjusted 1.2% month-on-month, according to the Nationwide Building Society.

Martin Gahbauer, Nationwide’s chief economist, said: “The three-month on three-month rate of change – usually a smoother indicator of the near term trend – dipped slightly from 2.3% in December to 2.1% in January

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