UK House Prices Fall at Sharpest Pace Since 2009, Halifax Says
09/07/2023 14:24
UK house prices fell at their sharpest annual pace since 2009 after soaring mortgage rates curtailed how much buyers could afford, one of the nation’s biggest mortgage lenders said.
Updated on
UK house prices fell at their sharpest annual pace since 2009 after soaring mortgage rates curtailed how much buyers could afford, one of the nation’s biggest mortgage lenders said.
Halifax said the average value of a home fell 1.9% in August alone to £279,569 ($349,570), the sharpest monthly pace since November. It left prices 4.6% lower than a year ago when the value of UK property peaked.
Up Next
UK Property Prices Fall the Most in 14 Years, Halifax Says