UK House Prices Fall Most in Over a Decade, Halifax Says
07/07/2023 19:19
UK house prices are falling at their fastest annual pace since 2011, Halifax said, as the property market shows signs of strain in the face of rising borrowing costs.
Updated on
UK house prices are falling at their fastest annual pace since 2011, Halifax said, as the property market shows signs of strain in the face of rising borrowing costs.
The average cost of a home declined 2.6% in June from a year earlier to £285,932 ($364,320), the mortgage lender said in a statement Friday. Prices fell 0.1% last month alone, the third consecutive decline.