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The Independent UK
The Independent UK
Business
Vicky Shaw and Archie Mitchell

Mapped: House prices fall at fastest annual rate in 12 years as mortgage rates soar

Kim Kinnaird Halifax Robert Halfon Britain Housing Market London The Bank of England
PA Archive

House prices fell at the fastest annual rate seen in 12 years in June, according to Britain’s biggest mortgage lender.

Halifax said the average price fell by 2.6 per cent compared with last year, wiping around £7,500 off the average UK property, the biggest drop since 2011.

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