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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: UK Average House Price Sees First Fall Since Jan
Average house prices fell in June for the first time since January, the Halifax said Wednesday, as the phasing out of Stamp Duty relief becomes a headwind.
"It's unlikely that those with mortgages approved in the early months of summer (are) expected to benefit from the maximum tax break, given the time needed to complete transaction," Russell Galley, Halifax Managing Director said.
The cost of an average house fell 0.5% on the month, with annual price gains slowing to 8.8% y/y from 9.6% in May. However, Greater London continues to see a slower rate of growth, with prices up just 2.9% y/y
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.