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Monday, 1 July, 2002, 12:05 GMT 13:05 UK
UK house prices soar
Estate agent's 'For Sale' sign
The news comes as the Bank of England prepares for a two-day meeting to set interest rates this week. The Bank faces calls to raise rates to cool the housing market gently and avoid a crash. The BBC's Rory Cellan-Jones reports.
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The BBC's Rory Cellan-Jones reports
"The lowest mortgage rates for 40 years and a thriving economy are keeping the market bubbling"
The BBC's Jenny Scott reports
The BBC's Jenny Scott: "The average home in Britain rose in value by more than £300 every week in the last year"
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