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House prices fall for first time in three years as borrowing costs weigh on buyers
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City AM
House prices fall for first time in three years as borrowing costs weigh on buyers
House prices fell in the year to August in the first annual decrease in nearly three years, as high borrowing costs cause prospective buyers to “sit tight”. The average UK house price edged down 0.2 per last month to £298,468, according to Lloyd’s house price index. This marks a 0.4 per cent year-on-year fall, the [...]
7 Sept, 06:26
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Guido Fawkes
House Prices Suffer First Annual Fall in Three Years
The value of a typical home fell by 0.4% to £298,468 in the 12 months to August, according to the Lloyds house price index. The fist annual since November 2023… The cost of borrowing is also ticking up again, with the yield on 10-year gilts rising from 5.13% to 5.16%. Healey is up in front…
7 Sept, 08:06