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flag UK house prices fell £1,150 in May, marking a 0.4% drop, as growth slows to 2.5% annually.

flag The average UK house price fell by £1,150 (0.4%) in May, according to Halifax, despite a yearly increase of over £7,000. flag The annual rate of house price growth slowed to 2.5% in May from 3.2% in April. flag Despite the drop, the market remains stable with prices down only 0.2% since the start of the year. flag Factors including low unemployment, rising earnings, and anticipation of lower borrowing costs support buyer confidence.

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