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House prices rose 1.9% in January

Feb 5 2009

House prices rose by 1.9% during January - ending 10 consecutive months of price falls, Britain's biggest mortgage lender said.

The increase more than offset December's 1.6% drop and left the average home costing £163,966, according to Halifax.

The group stressed that it was important not to place too much emphasis on any one month's figures, but it added that there were some very early signs that market activity may be stabilising, although at quite a low level.

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