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UK housing market continues to slow as average price drops again
“Average house prices fell in November as the rate of annual growth slowed further to +4.7% (from +8.2%), with the typical UK property price now sitting at £285,579. The monthly drop of -2.3% is the largest seen since October 2008 and the third consecutive fall. Average house price £285,579 Monthly change -2.3% Quarterly change -1.0% Annual change +4.7% “While a market slowdown was expected given the known economic headwinds – and following such extensive house price inflation over the last few years (+19% since March 2020) – this month’s fall reflects the worst of the market volatility over recent ... (full story)
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