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Property prices continuing to slow says Halifax

Property prices rises are slowing down according to the latest monthly report from Halifax.

Prices rose by a modest 0.3 per cent in July. The figures are further evidence that the boom in the housing market is coming to an end.

Halifax says the average cost of a property stands at just over £84,000, which is still 8 per cent higher than they were in 1999.

In contrast Nationwide Building Society&#39s figures show prices actually fell by 0.2 per cent in July.

Both surveys show prices have remained virtually static over the last four months, after prolonged growth in 1999 and the beginning of this year.

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