UK house prices drop for first time in a year
The housing market shows signs of cooling, with UK house prices in July being the first to have fallen in more than a year.
The average price of a home last month was £293,221, which demonstrates a 0.1 per cent decrease month-on-month according to the most recent report from the Halifax.
Although the average house price is still £30,000 higher than last year, the drop lowered the annual rate of growth from 12.5 per cent to 11.8 per cent.
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