Property News · July 7, 2023

UK house prices fall at fastest annual rate since 2011, says Halifax


Average price of property drops by 2.6% year on year in June as mortgage rates climbBusiness live – latest updatesUK house prices experienced their biggest annual fall in 12 years, according to Halifax, the latest sign that soaring interest rates on mortgages is bringing a halt to the housing boom.The average price of a UK home tumbled 2.6% year on year last month, the largest annual decrease the lender has reported since June 2011, a significant acceleration from the 1.1% decline record in May. Continue reading…

Source : theguardian.com
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