Europe

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The brakes went on in seven out of the top 20 housing markets last year as the rate of growth in some of the hottest residential markets started to slip into the red.

The growth reduced the quickest in London and Oxford, slipping by 3.5 percentage points, between June and December last year after affordability pressures started to bite, according to data from Hometrack.

The two markets still represent some of the highest levels of growth in the UK,…

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