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Wales Online
Wales Online
National
Neil Shaw

House prices fall at fastest rate in 12 years

House prices fell at the fastest annual rate seen in 12 years in June, according to an index.

Halifax said the annual fall of 2.6%, equating to around £7,500 being wiped off the average UK house price in cash terms, was the biggest since 2011.

On a month-on-month basis, property values dipped for the third month in a row, with an average decline of 0.1% in June.

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