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Evening Standard
Evening Standard
Business
Jonathan Prynn

London house prices fall year-on-year for first time since 2012 as interest rates continue to rise

Halifax London Interest Rates

House prices are falling year on year for the first time since 2012 as spiralling mortgage rates take a heavy toll on the property market, figures show today.

Leading lender Halifax said that its data revealed that the average price of a home in the UK was down one per cent in May compared with a year previously at £286,532.

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