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Evening Standard

Business

Vicky Shaw

UK sees annual house price fall for first time in a decade with London homes down 1.1%

United Kingdom London Inflation Nicky Stevenson England Scotland Fine Country JacksonStops Office for National Statistics Wales

Rents have surged at a record rate while house prices have fallen annually for the first time in more than a decade, according to official figures.

London house prices have dropped 1.1 per cent since September 2022, according to the Office for National Statistics (ONS).

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