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Monday, October 7, 2019

UK house price growth at slowest rate in six years, says Halifax

Lender expects housebuying and price growth to remain subdued amid Brexit uncertainty

Annual house price growth in the UK has slowed to the lowest pace in six years, according to Halifax, one of the country’s biggest mortgage lenders.

The average price of a house was £232,574 in September, down 0.4% from in August – the first monthly fall since May, Halifax said. Prices rose 1.1% year on year, marking the smallest annual gain since April 2013.

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