UK house prices fall for first time since 2023 as mortgage rates climb

GB News 13 h United Kingdom

Property prices across Britain fell for the first time as mortgage costs surge, with the typical home now valued at £298,468. The 0.4 per cent annual decline recorded in August represents the first year-on-year drop since November 2023, according to Lloyds Banking Group. Values also slipped 0.2 per cent compared with the previous month, following a 0.1 per cent monthly fall in July. Andrew Asaam,

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