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UK housing market saw 'mini-boom' in July, Halifax says

FILE PHOTO: Real estate agents boards are seen outside a row of terraced houses following the outbreak of the coronavirus disease (COVID-19), in Manchester, Britain, July 8, 2020. REUTERS/Phil Noble

LONDON (Reuters) - British house prices saw a “mini-boom” as the market reopened following the coronavirus lockdown, mortgage lender Halifax said on Friday.

House prices rose 1.6% month-on-month, the biggest rise this year after being flat in June, Halifax said.

Compared with a year ago, prices were 3.8% higher - the largest annual increase since January.

Reporting by Andy Bruce; editing by Sarah Young

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