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Modest fallback in house prices

Annual house price growth slowed to 10.5 per cent in July, from the 17-year high of 13.4 per cent recorded the previous month. In month-on-month terms, house prices fell by 0.5 per cent, after taking account of seasonal effects, following a 0.7 per cent rise in June.

Commenting on the latest figures from the Nationwide Price Index, the building society’s chief... 

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