Largest House Price Fall for a Year

Summary


House prices fell by 0.7 per cent in December, the largest monthly drop since February 2004, according to Government figures.

The market is cooling most quickly in areas where affordability is most stretched, with the annual rate of house price inflation in London just three per cent compared with 10.7 per cent nationally.

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Extract


Largest House Price Fall for a Year

Prices for detached houses fell by 1.3 per cent, terraced houses by 0.6 per cent and fla...

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