Halifax House Price Index7 Nov 2022 08:01
UK house prices fall as market continues to cool
• Average house prices fell by -0.4% in October (vs. -0.1% in September)
• Annual rate of growth dropped to +8.3% (from +9.8%)
• Typical UK property now costs £292,598 (down from £293,664 last month)
• Rate of growth slowed in all but one region in England during October
• Similar slowing trend in Northern Ireland, Scotland, and Wales
Kim Kinnaird, Director, Halifax Mortgages, said:
“Average house prices fell in October, the third such decrease in the past four months. The drop of -0.4% is the sharpest we have seen since February 2021, taking the typical property price to a five-month low of £292,598. While the pace of annual growth also continued to ease, to +8.3% compared to +9.8% in September, average prices remain near record highs.
https://www.pmi.spglobal.com/Public/Home/PressRelease/f2f9ec74327a4aedb3e09ad4f42fbec5