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British house prices have risen for the third consecutive month, driven by increasing demand and a lack of supply.
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According to the Halifax division of Lloyds Banking Group, house prices climbed 1.6 per cent to an average of 163,533 ($300,000).
“The combination of increased demand and a low level of properties available for sale have pushed up house prices in recent months,” Halifax housing economist Martin Ellis said.
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House prices rose 2.8 per cent between July and September - the first quarterly increase in two years.
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