Halifax house prices index7 Nov 2023 08:03
UK house prices rise in October, ending run
of six consecutive monthly falls
• Average house prices rose by +1.1% in October, compared to a fall of -0.3% in
September
• Property prices dropped by -3.2% on an annual basis (vs -4.5% last month)
• Typical UK home now costs £281,974, up around £3,000 on the previous month
• South East England continues to see largest annual decline in house prices
Kim Kinnaird, Director, Halifax Mortgages, said:
“UK house prices rose in October, up +1.1% on a monthly basis, breaking a run of six consecutive monthly falls.
The average house price is now £281,974 – an increase of almost £3,000 compared to the previous month. On
an annual basis, prices are down -3.2%, though the decline was at a slower pace than we saw in September (-
4.5%).