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Average UK house price has dropped for fourth month in a row, says Halifax

An annual fall in house prices appears imminent, some housing market experts have suggested.

The average UK house price fell for the fourth month in a row in December, according to an index.

Property values decreased by 1.5% in December, following a 2.4% drop in November, a 0.4% decrease in October and a 0.1% dip in September, according to Halifax.

The annual rate of house price growth more than halved, to 2.0% in December, from 4.6% in November.

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