Halifax warns of property slowdown

Feb. 4, 2005
Halifax bank announced that despite house prices rising by 0.8% last month the annual rate of increase fell to 13.7%, the lowest rate since December 2001. The bank, Britain’s largest mortgage lender, said recent measures indicated that “the market is undergoing a measured slowdown.” According to Halifax the average price of a UK property has now reached £163,748. The rise …

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