UK House Prices Fall 1.2% Year on Year in October, Lloyds Says
Lloyds data showed UK house prices fell 1.2% year on year in October, the fastest annual decline since October 2023.
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07:37:51 AM UTC
SquawkNews
The Lloyds house price index fell 0.6% last month, building on September’s 0.1% dip. On an annual basis, house prices are now 1.2% lower - the biggest decline since October 2023. Both falls were considerably steeper than expected.The average price of a property in the UK now stands at £296,285.The…
British house prices fell last month at the fastest annual pace since October 2023, data from mortgage lender Lloyds showed on Friday, adding to signs of waning momentum as surging mortgage costs caused by the Iran war squeezed prospective buyers.House prices dropped 1.2% year-on-year in October, t…