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الشرق اللبنانية
British house prices fall again
Data from Halifax showed that house prices in the UK fell by 0.1% in May, marking the third consecutive monthly decline, amid rising borrowing costs and geopolitical uncertainty related to the Iranian war. On an annual basis, prices increased by only 0.5%, less than the 1% forecast, as higher interest rates led to a slowdown in demand and impacted the housing market. Nevertheless, data from the Bank of England indicated that mortgage lending rose in April, with expectations of one or two interest rate hikes later this year.
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