Average price of property increased by 0.4% to £270,493 in February, Nationwide says

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UK house prices grew for the sixth month in a row in February despite signs of a sluggish economy, according to a building society, as economists expected a rush of people trying to complete purchases before stamp duty increases in April.

The average UK house price rose by 0.4% during the month, up from 0.1% the month before, according to an early measure from Nationwide, Britain’s biggest building society. The average price of a house bought through Nationwide grew to £270,493.