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Housing Today
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October house price drop sharpest for 20 months, says Halifax
Building society figures show average house prices fell by 0.4% in October
UK house prices dropped by 0.4% in October - the sharpest drop since February last year, according to the Halifax.
This is the third month-on-month decrease in four months, the mortgage lender said, with the annual growth rate dropping from 9.8% in September to 8.3% in October. An average UK property cost £292,598 in October compared to £293,664 the month before.
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