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House prices to fall until 2025, says Lloyds

House prices are expected to continue to fall until 2025, according to new predictions from Lloyds Banking Group.

The lender, which published its results yesterday, said it expected house prices to drop by 4.7% this year and 2.4% next year, before recovering in 2025, when they are expected to rise by 2.3%.

Long-term growth will remain steady at 0.6%.

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