Article 6DKZD UK house prices drop again as Halifax says first-time buyers are switching to smaller homes

UK house prices drop again as Halifax says first-time buyers are switching to smaller homes

by
Graeme Wearden and Joe Middleton
from Economics | The Guardian on (#6DKZD)

Decline in July is fourth monthly fall in a row with prices dropping by 2.4% on an annual basis, says lender

The average UK house price has fallen for the fourth month in a row, according to Halifax, which says higher borrowing costs are increasingly pushing first-time buyers to switch to smaller homes.

The average price fell by 0.3% in July, the bank's monthly index showed, with a typical UK home costing 285,044, compared with a peak of 293,992 last August.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments