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Housing market cools off, says Halifax

The rate of house price growth is slowing across the UK, according to the Halifax House Price Index for the first quarter of the year.


Halifax says the UK housing market remains buoyant with prices rising by 3.2 per cent in the first quarter, though this is down from 3.6 per cent in the final quarter of 1999.


But the annual rate of house price inflation throughout the UK was up to 14.5 per cent from 11.5 per cent the previous quarter.


Quarterly house price growth in Greater London slowed in the first quarter to 4 per cent from 8.5 per cent in the final quarter of 1999.

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