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The Week
The Week
National
Chas Newkey-Burden

House prices fall at fastest pace since 2009 – and more pain expected

United Kingdom Halifax Interest Rates

Gloomy forecasts follow 4.6% year-on-year drop as higher interest rates hit the property market

High interest rates and the customary summer slump have been blamed after UK house prices suffered their sharpest annual drop in 14 years.

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