House prices down 0.6%

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House prices fell by 0.6% in August, the Nationwide Building Society has reported.

The average price of a home in the UK is now £165,914, down from £168,731 in July.

The price of a typical home in August is 0.4% lower than one year ago.

Robert Gardner, Nationwide’s chief economist, said: “UK house prices declined by 0.6% in August

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