Nationwide Building Society said average home prices fell 0.2%.
UK house prices dropped at the fastest pace since May, according to one of the country’s largest mortgage lenders, in a sign that aspiring buyers are being put off by a surge in borrowing costs.
Nationwide Building Society said average home prices fell 0.2% to £274,251 ($363,500), weaker than economists’ expectations of no change, and the fourth drop in the last five months.
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