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Evening Standard
Evening Standard
Business
Rhiannon Curry

UK house prices fall for the first time since July 2021

House prices soared during the pandemic but are now cooling

(Picture: PA Archive)

UK house prices recorded their first monthly fall since July 2021 last month after the market was hit by turmoil during Prime Minister Liz Truss’s short-lived premiership.

The latest House Price Index from lender Nationwide showed annual house price growth slowed to 7.2% in October, down from 9.5% in September.

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