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Average price of UK home jumps to record high of £254,606 in March

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Figures suggest government measures to support property market are continuing to drive interest

The average price of a UK home jumped by 1.1% in March to a record high of £254,606 as government measures to support the market continued to drive interest from buyers.

The latest monthly snapshot of the market from Halifax showed that since March 2020, house prices had risen by 6.5%, or £15,430 in cash terms. The monthly rise is the first since November.

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