House prices fell marginally by 0.1 per cent in July – the first decrease since June 2021, says the Halifax.
Annual rate of growth eased to 11.8 per cent from 12.5 per cent a month ago; a typical UK property now costs £293,221.
Halifax managing director Russell Galley says: “While we shouldn’t read too much into any single month, especially as the fall is only fractional, a slowdown in annual house price growth has been expected for some time.
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