UK house prices fall for first time since 2023, led by London and south-east

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Guardian Business

UK house prices fall for first time since 2023, led by London and south-east

Average property cost £298,468 in August, down by 0.4% year on year amid higher interest rates, says Lloyds Business live – latest updates UK house prices have fallen for the first time in almost three years, as prospective buyers were squeezed by higher mortgage rates, geopolitical uncertainty and stretched affordability. Prices have dropped by 0.4% compared with a year ago, the first year-on-year decrease since N…