UK house prices fall as market continues to cool

“Average house prices fell in October, the third such decrease in the past four months. The drop of -0.4% is the sharpest we have seen since February 2021, taking the typical property price to a five-month low of £292,598. While the pace of annual growth also continued to ease, to +8.3% compared to +9.8% in September, average prices remain near record highs. Average house price £292,598 Monthly change -0.4% Quarterly change +0.4% Annual change +8.3% “Though the recent period of rapid house price inflation may now be at an end, it’s important to keep this is context, with average property prices rising more.

Tags: No tags

Add a Comment

Your email address will not be published. Required fields are marked *