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U.K. Home Prices Post First Drop in 17 Months as Outlook Clouds

U.K. house prices fell for the first time in almost a year and a half in September, adding to evidence the property market is softening.

Prices slipped 0.2 percent from August to an average 188,374 pounds ($306,700), Nationwide Building Society said today in an e-mailed statement. The annual rate of growth slowed to 9.4 percent from 11 percent.