UK House Prices Fall at Fastest Pace in Nearly 14 Years, Warns Nationwide
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UK house prices have fallen at their fastest annual pace for almost 14 years, with prices in May dropping by 3.4%, according to the Nationwide. This is the largest decline since July 2009, and the average property price now stands at £260,736, with average prices still 4% below their August 2022 peak. Headwinds to the…