UK property market still seeing price growth but outlook is muted, latest reports show

[Nicholas Wallwork]

Property prices in the UK have risen by 10% since the market bottom in April 2009 but the rate of*growth is slowing, according to the latest reports to be published.

The average price of a house rose 0.6% in January and is now £169,777 compared with £154,490*last April, according to Halifax House Price index. The 10% increase follows a 2% decline between*August 2007 and April 2009.

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