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Housing market dragged down as buyers in southeast get jitters

House prices grew at their slowest pace in more than six years in February as the southeast of England dragged down the rest of the market with its first fall in prices since 2011, according to official figures.

Average house prices in Britain rose by 0.6% to £226,000 in the year to February, according to the Office for National Statistics.

This was slower than the 1.7% growth in the year to January and the lowest annual growth rate since September 2012, when the economy was contracting.

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