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UK house prices have hit record highs last month, but the cost of living squeeze means growth is likely to “slow considerably” this year, mortgage lender Halifax says. Halifax has just reported that house prices rose by 0.3% last month, their slowest monthly rise since last June. On an annual basis, the rate of growth remained steady at 9.7% last month. But with household budgets squeezed by rising inflation, and higher interest rates pushing up mortgage costs, the market is expected to cool.
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