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Industry reacts as housing market shows first signs of slowdown

The housing market could be showing the first signs of slowing down, the latest Nationwide house price index reveals.

House price growth fell from 10% in August to 9.5% in September, as 10 out of 13 regions recorded a slowdown in the third quarter.

London reported the weakest figures with growth rising slightly from 6% to 6.7%. The South West was the strongest area with prices up 12.5%, although still down from 14.7%.

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