Price increase was the biggest monthly leap in England and Wales since June 2002[br]House prices in England and Wales jumped by 2.5% in January,adding more than £4700 to the average cost of a property, official figures point to.
A descend in the number of homes coming onto the market, and combined with the announcement of new stamp duty rates for investors in November’s autumn statement,boosted demand and prices.
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Source: theguardian.com