By Daniel Hunter

The growth of house prices in the UK continued to slow down in November, according to the Halifax.

The mortgage lender said house price rises had slowed to 8.2% in November, down from 8.8% in October. On a monthly basis, prices were 0.4% higher than October.

The average house price according to Halifax figures is now £186,941.

"Receding buyer interest combined with a revival in private housing completions has brought supply and demand into better balance," said Martin Ellis, Halifax housing economist.

Last week, Nationwide published similar figures with the growth of its prices falling from 9% to 8.5%.

The Halifax's figures come on the same day that reforms to Stamp Duty, announced by the Chancellor George Osborne in yesterday's Autumn Statement, come into effect.

Alex Gosling, managing director of online estate agents, said: "Just when the housing market needed a little tonic heading into the New Year, George Osborne delivered an early Christmas present yesterday by announcing major reforms to the stamp duty system.

"The housing market has cooled in the last couple of months, and the changes to an outdated and unfair tax system could help regain some of that lost momentum.

"There has been a change in buyer sentiment and demand is down compared to the start of the year when good quality properties were flying off the shelves."

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