House prices rise as market rallies

AOL Money Staff


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The housing market has made a "sprightly" start to 2013, with asking prices reaching their highest levels for February since 2008, a property search website has said.

Prices jumped by 2.8% month-on-month to reach £235,741 on average, with big monthly leaps of around 5% recorded in the north west of England and Wales, Rightmove said. Prices are 1.1% higher than a year ago and are just £2,115 shy of a February record set in 2008, showing the market is making a "slow but steady recovery," the study said.%VIRTUAL-SkimlinksPromo%