House prices register largest fall in 14 years, Nationwide finds

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Source: Shutterstock/Willy Barton

The average UK house price fell in August at the sharpest annual rate seen in 14 years, according to the Nationwide Building Society.

House prices fell by 5.3% annually over the month, taking the average property value to £259,153, which Nationwide said marked the biggest annual percentage drop since July 2009.

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