Norfolks online estate agents. Est. 2007

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10 July 2007

House prices rose slightly across the UK last month, according to the latest survey from the Halifax bank.

It says prices rose by 0.4% in June, pushing up the annual rate of house price inflation from 10.6% to 10.7%.

The average UK house now costs £197,461, with prices currently rising fastest in Northern Ireland.

Although prices are still going up, despite higher borrowing costs, the Halifax says the recent pace of growth has been slowing down.

And the lender expects the four rises in interest rates since the summer of last year to restrain house price inflation even further.

The trend is not uniform across the country. Prices in Northern Ireland are still shooting up, rising by 8.5% in the past three months alone.

London prices are still rising briskly, up by 4.9% in the same period.

But on the Halifax's calculations, prices have actually fallen slightly in the past three months in the South West, West Midlands and also Wales, where they have gone down by nearly 3%.

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