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London bucks the trend of house price growth

House price inflation accelerated in the year to September to its fastest rate since March, despite another fall in London prices.

Figures from the Office for National Statistics showed that house prices had risen by 3.5%, up from 3.1% in the year to August.

The pick-up was a surprise, but economists noted that it masked “a wider trend of slowing growth”. This time last year, house prices were growing at 4.6%.

Click here for the full Times article (£)

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