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Halifax Insists Housing Prices Will Slow

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http://www.telegraph.co.uk/money/main.jhtm.../bcnhali102.xml

While July's increase is stronger than that reported by rival Nationwide, which said that prices almost ground to a halt last month, Halifax said a raft of other indicators point to a slowdown in the market.

For example, mortgage approvals to fund new home purchases slid 4pc in the second quarter compared with the first quarter.

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