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The Independent UK

National

Vicky Shaw

House prices fell in August at sharpest annual rate since 2009, says Nationwide

Nationwide Robert Gardner Nationwide Building Society Christian Duncan Bank of England Knight Frank

PA Archive

The average UK house price fell in August at the sharpest annual rate seen in 14 years, according to an index.

House prices fell by 5.3% annually in August, taking the average property value to £259,153, Nationwide Building Society said, marking the biggest annual percentage drop since July 2009.

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