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Evening Standard
Evening Standard
Business
Jonathan Prynn

House price growth slows in January ahead of likely interest rate cut

Bank of England Nationwide
Nationwide is Britain’s biggest building society - (PA Archive)

House price growth slowed at the start of the year as interest rates stayed higher longer than expected.

Lender Nationwide said the average house price rose at an annual rate of 4.1% in January, down from 4.7% in December. During January the average price rose just 0.1% to £269,426, according to the building society.

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