UK house prices have fallen for the fourth consecutive month as rising borrowing costs hit household finances, according to data published on Friday.
Average house prices dropped 1.5 per cent between November and December, said mortgage provider Halifax. The decline marks a slowdown from the 2.4 per cent drop recorded between October and November.
The annual rate of house price growth slowed to 2 per cent, down from 4.6 per cent in the previous month.
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