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House prices up 1.8 per cent in December – Halifax

Halifax&#39s monthly house price index reveals that house prices increased by 1.8 per cent in December up from a 1.1 per cent increase in November.

The annual growth for 2003 was 15.4 per cent down from the 26.4 per cent increase experienced during 2002.

General manager, group economics Shane O&#39Riordain says: “The housing market is undoubtedly strong, but there are clear signs that the market will continue to slow down naturally as the impact of higher interest rates and a reduction in the number of first time buyers entering the market continues to kick in.”

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