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House prices in London sink again as boom eases

London house prices have fallen for the second month running and at the fastest rate in almost nine years as the five-year boom in the capital deflates.

Prices in London fell by 0.7% for the year to March after a revised 0.1% decline in February.

This was the sharpest year-on-year fall since September 2009, when prices were contracting by 3.2%, and comes as prices in the rest of the country race ahead.

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