House prices dipped 1.1% year-on-year in February, Nationwide reports
The building society said it was the first annual decline recorded since June 2020.
House prices fell by 1.1% year-on-year in February, marking the first annual decline since June 2020, according to an index.
A 0.5% month-on-month price fall was also recorded, Nationwide Building Society said.
Across the UK, the average house price in February was £257,406.
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