House prices see biggest fall in 14 years in November

By Emily Twinch2022-12-07T12:07:00

Halifax reports the average price of a house in the UK fell by 2.3%

Average house prices in the UK dropped by 2.3% between October and November - the biggest drop since 2008 and the third consecutive monthly fall.

The annual rate of growth also dipped last month to 4.7%, compared to 8.2% in October. A typical UK property cost £285,579 in November compared to £292,406 the month before.

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