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U.K. House-Price Growth Slows to 10-Month Low on Rate Prospects

U.K. house prices grew at the slowest pace in 10 months in September as the prospect of higher interest rates deterred buyers.

The average value rose 0.5 percent, the least since November, Acadata and LSL Property Services said today. The average price increased 10.6 percent from a year earlier to 275,820 pounds ($445,000). Housing-market transactions may have dropped 9 percent from August, according to the report.