Higher mortgage rates and mini-budget turmoil take their toll as buyers and sellers forced to pause
A separate survey revealed demand for rental homes is rising as home buyer activity drops off, according to surveyors House prices fell by 2.3 per cent last month, marking the biggest monthly drop since the 2008 financial crisis, according toThe annual rate of house price growth slowed last month to 4.7 per cent, from 8.2 per cent in October with the average UK house price standing at £285,579 – down from £292,406 in October.
Kim Kinnaird, director of Halifax Mortgages, said: “The monthly drop of 2.3 per cent is the largest seen since October 2008 and the third consecutive fall. She said some potential home moves have been paused as homebuyers experienced affordability pressure with buyers and sellers now taking stock while“Property prices are up more than £12,000 compared with this time last year, and well above pre-pandemic levels .
Halifax said Wales and the South West of England have recorded particularly sharp slowdowns in annual house price growth.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
House prices drop at fastest rate since financial crash in 2008A typical property is now nearly £7,000 cheaper.
Læs mere »
Scarlet fever cases higher in East Midlands than national averageScarlet fever is caused by the same bacteria group that causes iGAS - which has now claimed the lives of nine UK children.
Læs mere »
Britney Spears 'lost bright star in her eyes' from conservatorship battleFrom 2008 to 2021, Britney Spears' life was heavily controlled by her father Jamie Spears, and now, a friend has recalled the moment the singer lost the 'bright star in her eyes'
Læs mere »
Concerns over higher levels of deaths this winter as temperatures plummet and energy bills soarThe UK could experience a spike in excess deaths this winter due to cold housing as temperatures plummet and sky-high energy bills force people to turn off their heating, experts and charities fear 🔴 elle_odwyer
Læs mere »
Baroness Michelle Mone takes a leave of absence from House of Lords amid PPE contracts controversyWatch live: Labour's Sir Keir Starmer is holding a debate in the Commons as the party is trying a force the government to publish documents relating to £200m of personal protective equipment (PPE) contracts -
Læs mere »