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UK house price growth hits 19-year high of 15.5% due to tax effect

July’s increase represented a sharp jump from June’s 7.8% rise in prices which was a sharp slowdown from May.

A Reuters poll published last month showed the surge in British house prices is expected to end next year as the cost-of-living crisis and rising interest rates put the brakes on the market.

(This story refiles to add dropped word ‘high’ in the headline)


Source: Economy - investing.com

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