Weakest annual house price growth lowest since June 2013

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Weakest annual house price growth lowest since June 2013

UK house prices rose by 3.2% year-on-year in August, according to the latest survey from mortgage provider Nationwide.

That is the weakest annual pace since June 2013, and it marks a slight slowdown from July.

Month on month, prices rose by 0.3% in August, compared with 0.4% the month before.

The average house value in August was £195,279, according to the Nationwide house price index.

Source: BBC

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