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House prices edge down as market cools amid higher interest rates
“The average UK house price fell slightly in June, down by around £300 compared to May (-0.1%) with a typical property now costing £285,932. This was the third consecutive monthly fall, albeit it a modest one. “The annual drop of -2.6% (-£7,500) is the largest year-on-year decrease since June 2011. With very little movement in house prices over recent months, this rate of decline largely reflects the impact of historically high Average house price £285,932 Monthly change -0.1% Quarterly change +0.3% Annual change -2.6% house prices last summer – annual growth peaked at +12.5% in June 2022 – supported by ... (full story)