Average house prices have been falling for much of the year but some areas are bucking the trend.
High mortgage rates have pushed property demand down this year and house prices indices from Halifax, Nationwide and the Office for National Statistics have all recorded drops in average house prices.
But these figures are national and don’t reflect local markets so while the latest Halifax House Price Index showed average values were down by 1% annually in November, some parts of the UK have seen rises of up to almost 9%.
