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Evening Standard
Evening Standard
Business
Joanna Hodgson

Average UK house prices fall as market continues to cool, says Nationwide

The housing market is facing a number of challenges

(Picture: PA Wire)

UK house price growth cooled in January as a cocktail of headwinds, from higher interest rates to the cost-of-living crisis, hit the market.

Nationwide said annual growth slowed to 1.1%, from 2.8% in December, with average prices now standing at £258,297.

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