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House prices rise in July, says Halifax

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House prices are now rising, according to the latest survey from the Halifax mortgage lender.
The cost of the average house went up by 1.1% in July to £159,623. Prices in the three months to July were 0.8% higher than in the previous three months, the first increase in the underlying trend since October 2007.
The annual rate of house price decline has now shrunk to just 12%, from 15% in June, moving in a similar direction to that of the Nationwide's rival survey.


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