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House price growth will slow next year

House price growth will slow over the next four years, but prices will still be 13.5% higher by the end of 2024.

Hamptons International said that the boom in demand, leading to the highest number of completions since 2007, will taper off next year to about 2.5%.

But the average figure hides a picture with London underperforming the rest of the market. In Scotland prices are expected to end 2024 20% higher, while the North East is expected to rise 21.5%.

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