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<h2>House prices fall at their steepest rate in 14 years as borrowing costs rise further tomorrow</h2>
<p><strong>£10,400 of the value of a typical house has been erased in the last 12 months</strong><br />
<strong>The 3.8 percent drop in house prices marks the biggest drop since 2009 </strong></p>
<p class="author-section byline-plain">By Adele Cooke </p>
<p><a href="https://whatsnew2day.com/house-prices-fall-at-their-sharpest-rate-in-14-years-as-borrowing-costs-are-set-to-rise-further-tomorrow/">House prices fall at their sharpest rate in 14 years as borrowing costs are set to rise further tomorrow</a></p>
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£10,400 of the value of a typical house has been erased in the last 12 months
The 3.8 percent drop in house prices marks the biggest drop since 2009
By Adele Cooke