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    Island's housing market situation slowly improving

    A rise in house prices in the UK is good news for the Isle of Man according to a local estate agent.

    Figures released yesterday show house price inflation has jumped 3.1 per cent in the year to June – the sharpest rise for seven years.

    It means house prices are no longer flat but have started to grow.

    Nick Cooper is the residential director at Black Grace Cowley – he says the Manx housing market is influenced by the UK so it’s positive:

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