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UK housing market cools as stamp duty holiday winds down

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Prices rose in July but annual rate of increase is down to its lowest level since March, says Halifax

Britain’s biggest mortgage lender has predicted a cooling in Britain’s house price boom after reporting a fall in the annual rate of property inflation.

The Halifax said prices rose by 0.4% in July, the first month since buyers in England and Northern Ireland had to contend with a less generous stamp duty holiday.

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