House prices fell last month for the first time since January in a sign that the overheating UK housing market is finally starting to cool, according to lender Halifax. Month-on-month, the price of the average home slipped by 0.5% in June to £260,358, a drop of £1,284 from £261,642 in May’s average. But on an annual basis, Halifax said property prices were still 8.8%, or about £21,000, higher than they were a year ago, with the strongest growth in Wales, Northern Ireland and north-west England. Read more on the Guardian website.
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