UK house prices suffer sharpest fall in 14 years
by Kalyeena Makortoff from on (#6EHBG)
Halifax says prices fell by 4.6% as high interest rates dent homebuyer demand
UK house prices suffered their sharpest annual drop in 14 years, as the seasonal summer slump and high mortgage costs dragged on sales.
Data released by Halifax, Britain's biggest mortgage lender, showed that prices fell by 4.6% in August, marking the biggest year-on-year decrease since 2009.
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