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UK house price inflation eases sharply to 2.7% in December

Staff Writer |
UK house price growth slowed sharply in December and prices declined from the prviou month, preliminary data from the Lloyds bank subsidiary Halifax and IHS Markit showed.

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The house price index rose 2.7 percent year-on-year following 3.9 percent increase in the previous month. The latest increase was the smallest since August, when prices grew 2.6 percent.

In the October-December quarter, house prices rose 1.3 percent from the previous three months ending September.

On a monthly basis, house prices fell 0.6 percent from November,when they rose 0.3 percent. The latest fall was the first since June.

The average price of a house was GBP 225,021 versus GBP 222,668 a year ago.

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