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House prices stay in slow lane after rate change

House price growth in Britain continued to cool in September and fall in London, extending the property market’s weak run since the Brexit vote.

According to figures from the mortgage lender Nationwide, annual growth was 2%, unchanged from August, matching the slowest pace of growth in five years. Economists had expected growth of 1.9%.

In London, prices were down 0.7% in the three months to September compared with a year ago, the fifth quarterly fall in a row.

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