UK house prices rise by 1.2% annually, but drop 3.3% in London

UK house prices rose by 1.2% in the year to February to an average of £268,000, according to the Office for National Statistics, even as London recorded a seventh consecutive annual decline, falling 3.3%. Growth varied across the nations, with prices up 0.8% in England, 2.5% in Wales and 2.3% in Scotland, while Northern Ireland saw a stronger 7.5% annual increase. 

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