First annual fall in UK house prices since November 2023, in ‘subdued’ market – business live

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Guardian Business

First annual fall in UK house prices since November 2023, in ‘subdued’ market – business live

Rolling coverage of the latest economic and financial news Lloyds’s Andrew Asaam adds that it’s important to keep the recent drop in house prices in perspective, explaining: Average house prices remain around 25% higher than they were at the end of 2019, despite the substantial increase to interest rates seen over recent years. The market’s adjustment to higher borrowing costs has been gradual, with wage growth helpi…