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UK house prices ‘lose momentum’, says Nationwide
UK house prices fell for the first time in 10 months in February as icy weather put off house hunters, the Nationwide building society has said.
Average property values dropped by 1% compared with January, with the average home worth £161,320.
But the annual rate of increase accelerated to 9.2% because prices dropped faster a year ago.
Mortgage lending also slowed at the start of the year owing to the hangover from the stamp duty holiday.
read more at bbc.co.uk
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