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House price growth fell to 1.7% in the 12 months to June, with a further slowdown expected as the effects of high mortgage rates on households continue to feed through.
The typical home is now worth £285,044, which is 3 per cent - or £8,948 - lower than the £293,992 peak recorded in August last year.
House prices are cratering at the fastest rate since 2009, as interest rates batter the house market
Discover the latest price moves and price trends across the UK housing market
Discover the latest price moves and price trends across the UK housing market