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Story summary
- Nationwide Building Society reported UK house prices rose 0.3% in February.
- The average house price reached £273,176.
- Chief economist Robert Gardner noted that improved affordability and easing credit availability support first-time buyers.
- Mortgage approvals fell to a two-year low of 59,999 in January.
- Analysts expect further rate cuts could boost market activity, though geopolitical tensions may hinder inflation control and future housing transactions.
