House price reports don't add up - 2003-09-15
House prices grew 14.6% in the year to July bringing the average house price to £156,273, according to a new house price index disclosed by the government today.
In a further contradiction to Britain's biggest mortgage lenders, the government said that it was first-time buyers who had driven prices upwards in July, with the average price they paid rising from £114,699 in June to £120,830 in July.
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