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Story summary
- UK home prices fell for the second consecutive month, dropping 1.8% to £358,138 in early December.
- The decline stems from market saturation, uncertainty from November's budget, and the Mansion Tax on properties over £2 million.
- The average price is now 0.6% lower than last year, signaling a yearly downturn.
- Experts expect a potential recovery in 2026, supported by anticipated interest rate cuts and seasonal market activity.
