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Purplebricks plc

House price growth at strongest rate for 18 months

The latest figures released by Nationwide have shown that life is returning back to the market post-Brexit with annual house price growth edging up to 2.3%, the strongest rate for 18 months.

Robert Gardner, Nationwide’s Chief Economist, said: “UK annual house price growth continued to edge higher in February rising to 2.3%, from 1.9% in January – the strongest rate for 18 months.

“While overall economic growth ground to a halt in the final three months of 2019, labour market conditions remained buoyant and borrowing costs low. The decisive election outcome may have provided a boost to buyer sentiment.”

Purplebricks Group plc (LON:PURP) engages in estate agency business in the United Kingdom, it provides services relating to the sale & lettings of properties.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.