House prices have recorded their biggest monthly fall in October, with the average property value lower by 0.4% – the third month-on-month drop in the past four months and the biggest drop since February, according to the latest Halifax House Price Index.
This means the average UK property now costs £292,598, down from £293,663 in September.
The pace of annual growth has slowed to 8.3% in October compared with growth of 9.8% in September.
