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House price growth eases in February: Land Registry

UK house price growth eased to 5.5% in the year to February, meaning the average home cost £287,506, Land Registry data shows.  

This is a 1% fall on the 12 months to January and a 3.5% slide on the year to December. The average home is £16,000 more expensive than a year ago.  

House price inflation was highest in the West Midlands where prices lifted by 8.6% in the year to February. London showed the lowest annual growth, with prices rising by 2.9% in the period.

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