First annual fall in UK house prices since November 2023, in ‘subdued’ market – business live
Rolling coverage of the latest economic and financial newsLloyds also reports that prices fell more sharply in the South of England in August, but rose in the North, and in Wales, Scotland and Northern Ireland.Prices fell in the South because of the “greater affordability challenge caused by higher average prices”, the bank reports.The South East saw the largest decline, with prices down -1.6% year-on-year to £381,729.In Greater London, where prices fell -1.5% to £534,177.The South West and Eastern England both…
Source: www.theguardian.com