Market cools in July as lender warns of impact of higher interest rates and cost of living crisis

UK house prices fell for the first time in more than a year in July, as the country’s largest lender warned of the impact of higher interest rates and the broader cost of living crisis.

The average price of a home was £293,221 last month, down 0.1% month on month, the first decrease since June last year, according to the latest report from Halifax.

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Source: Business – The Guardian

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