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Annual house price growth slowed in July, says Halifax


08-07-2015

Business

houses in London

Growth in UK house prices slowed in the year to July, the country's largest mortgage lender has said, although they are still rising strongly.

The Halifax said that prices rose at an annual pace of 7.9% last month - down from 9.6% in June.

During July itself, prices actually fell, by 0.6%, the largest monthly drop since April 2014.

It brings the average price of a flat or house across the country back down to £198,883.

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