UK House Prices Suffer Biggest Annual Drop in Over a Decade
The UK housing market is facing a sharp slowdown as high interest rates dampen buyer demand and push down property prices. Halifax Reports 4.6% Annual Fall in House Prices According to the latest data from Halifax, the UK’s largest mortgage lender, the average house price fell by 4.6% in the year to August, the biggest annual decline since 2009. The average house price dropped to £279,569, down by around £14,000…