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U.K. house prices fell at their fastest annual pace in 12 years in June as still escalating mortgage costs piled further pressure on the property market.
U.K. house prices fell at their fastest annual pace in 12 years in June as still escalating mortgage costs piled further pressure on the property market.
Britain has suffered the worst house price falls of any major European economy as persistent inflation and rising mortgage rates deter buyers.
Property prices in the UK have fallen while inflation remains high and many households battle with higher mortgage rates and repayments.