House prices record biggest annual fall in 14 years in September

By Joey Gardiner2023-10-06T09:56:00

Halifax says month-on-month fall of 0.4% indicates rate of decline of prices has slowed

House prices fell by 4.7% year-on-year in September, the biggest annual fall in more than 14 years, according to the Halifax.

The mortgage lender’s latest monthly update said prices dipped a further 0.4% in September, taking the average cost of a house to more than 14,000 below the peak seen in August last year.

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