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Thursday, 2 April 2009

House Prices in Surprise Rise in March

The housing market was surprised this morning with an announcement from Nationwide that house prices actually rose in March for the first time since 2007.

Prices rose by 0.9% compared with February, reducing the annual rate of falls to 15.7%.

We would not read too much into one months' figures and it cannot conclusively call the bottom of the market.

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