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Evening Standard
Evening Standard
Business
Jonathan Prynn

Buyers wait for more interest rate cuts as London house prices rise just 1.3%

Halifax London Bank of England
(Mike Egerton/PA) - (PA Archive)

London property prices rose just 1.3% to an average of £543,346 in a subdued market during the year to April latest figures show today.

The data from Britain’s biggest mortgage lender Halifax come ahead of an expected quarter point cut in interest rates from the Bank of England to 4.25%.

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