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Evening Standard

Business

Alex Daniel

London house prices up 1.6% but first-time buyers struggle to afford high mortgage rates

London Robert Gardner Nationwide United Kingdom

The average London house price is currently £525,248, reports Nationwide, up 1.6 per cent since this time last year.

Across the UK, house prices rose by just 0.2 per cent month-on-month in June, as high mortgage rates continued to hold back buyer activity, Nationwide reports.

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