UK house prices decline

Property prices in the UK fell for the third month in a row during June as the housing market recovery showed further signs of faltering.

The average cost of a home dropped by 0.6% during the month, following a 0.5% slide in May and a 0.1% decline in April, according to Halifax.

The group said an increase in the number of homes being put up for sale in recent months had eased the mismatch between supply and demand, and reduced the upward pressure on prices.

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