UK house prices fell further in September, edging down by 0.4% on a monthly basis, according to the Halifax House Price Index for September. This was the sixth consecutive monthly fall, though the pace of decline slowed markedly compared to August (1.8%). The average home now costs £278,601, a drop of around £1,200
UK house prices fell sharply again in September as stretched affordability damps housing market activity, data from the mortgage lender Nationwide Building Society revealed Monday.
The average UK homebuyer currently requires almost 26 months of net earnings in order to cover the cost of a 20% mortgage deposit. This figure climbs to over 37 months in London. The research from estate agent Barrows and Forrester compared net salaries and average mortgage deposits of 20% to work out how many months
In a subdued month, the average asking price of newly marketed properties increased a little to £366,281 (+0.4%), according to the latest Righmove house price index. While some sellers are clearly being too optimistic on their pricing, it does appear that others are listening to their agents’ advice to price
Markets leaning towards possibly one last BOE rate hike (implied rate peak of 5.527% at Feb 1st 2024 meeting) UK house prices tumble to lowest levels since 2