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The Independent UK

Business

Vicky Shaw

UK house prices fall at fastest annual rate in 14 years

United Kingdom Nationwide Nationwide Building Society Robert Gardner Inflation Mark Harris Bank of England Barclays HSBC SPF Private Clients

The average UK house price fell at the fastest annual rate in 14 years in July, according to an index.

Property values declined by 3.8% on average annually in July, marking the weakest reading since July 2009, Nationwide Building Society said.

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