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Global

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Finance

UK house prices fall at steepest rate in more than three years

October drop of 0.6% leaves average price of property at £296,285, says Lloyds, as high mortgage rates hit market UK house prices fell at the steepest rate in more than three years in October, marking the fourth consecutive monthly decline, as high mortgage rates hit the housing market. The average price of a typical UK property stood at £296,285 last month as prices unexpectedly dropped 0.6% compared with September, the steepest fall since the lender Lloyds recorded a 1.6% drop in August 2023. Continue reading...

The Guardian
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International

ANC faces bruising defeat in South African local elections with 80% of ballots counted

Former liberation movement’s share of national vote almost 14 percentage points below 2021 result The African National Congress is on course to suffer a bruising defeat in South Africa’s local elections, with the once dominant party of Nelson Mandela falling to under a third of the vote nationally with more than 80% of ballots counted. Wednesday’s fragmented vote marks another stage in the decline of the ANC, which has led national governments since the end of white minority apartheid rule in 1994. High unemployment, crime, corruption and poor local service delivery have all contributed to vot

The Guardian
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