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Average house prices fall -0.4%. Is the market cooling?

November 7, 2022

Via: MoneyWeek

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.

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