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UK house prices fall at steepest rate in more than three years

October drop of 0.6% leaves average price of property at £296,285, says Lloyds, as high mortgage rates hit market Business live – latest updates UK house prices fell at the steepest rate in more than three years in October, marking the fourth consecutive monthly decline, as high mortgage rates hit the housing market. The average price of a typical UK property stood at £296,285 last month as prices unexpectedly…

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UK house prices fall at steepest rate in more than three years
Image: The Guardian Business

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October drop of 0.6% leaves average price of property at £296,285, says Lloyds, as high mortgage rates hit market Business live – latest updates UK house prices fell at the steepest rate in more than three years in October, marking the fourth consecutive monthly decline, as high mortgage rates hit the housing market. The average price of a typical UK property stood at £296,285 last month as prices unexpectedly…

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