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UK housing market cools as stamp duty holiday winds down

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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