UK house prices fall at sharpest rate for 14 years, says Nationwide

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UK location prices dropped astatine their fastest yearly gait for 14 years successful July, according to Nationwide.

The gathering nine said prices dropped by 3.8%, which is the biggest diminution since July 2009.

Nationwide said owe involvement rates stay high, making affordability a situation for house-buyers.

Mortgage costs deed the highest level for 15 years successful July arsenic lenders grappled with ostentation and uncertainty implicit rates acceptable by the Bank of England.

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