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The Independent UK
The Independent UK
National
Matt Mathers

Mapped: Areas in UK facing sharpest drop in house prices

PA Wire

A map has revealed the areas of the UK worst affected by falling house prices as the value of residential property continues to decline amid stubbornly high inflation and soaring borrowing costs.

The housing market, which remained buoyant during the Covid pandemic, has begun to slow in recent months as potential buyers think twice about taking the plunge with interest rates at an eyewatering 5 per cent - the highest level in 15 years.

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