The Guardian reported that UK house prices fell 0.6% in October to an average of £296,285, the steepest monthly drop in more than three years.
The Guardian reported that property values across the UK declined in October by 0.6%, bringing the typical price to £296,285, according to figures from Lloyds. It was the fourth month in a row prices moved lower, and the sharpest monthly decrease recorded in more than three years, as elevated mortgage rates continued to weigh on buyers. The previous comparison point was August 2023, when Lloyds saw a 1.6% fall.
Source: The Guardian.
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