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House Price Rebound Breathes Life Into Recovery - Evening Standard

The housing market showed further signs of life today as prices rose again and the central London market rebounded strongly.

Mortgage lender Nationwide said average house prices in the UK ticked up 1.6% in August, the fourth increase in a row and the biggest since the start of the slump two years ago.

Prices are now just 2.7% below where they were a year ago and 8% higher than they were in February.

However, they are still 14% below the peak of October 2007