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London house prices rise

London is the only place where house prices continue to rise. Credit: Anthony Devlin/PA Wire

Latest figures show that London is the only place in the country where house prices are rising. Property analysts Hometrack reported a 0.3% increase in January compared to the previous month.

Four out of five estate agents are more optimistic about the market this spring than they were a year ago.

Compared with a year ago, the average percentage of the asking price achieved has risen in all regions but two - the East Midlands and the North West.