Article 6EHBG UK house prices suffer sharpest fall in 14 years

UK house prices suffer sharpest fall in 14 years

by
Kalyeena Makortoff
from on (#6EHBG)

Halifax says prices fell by 4.6% as high interest rates dent homebuyer demand

UK house prices suffered their sharpest annual drop in 14 years, as the seasonal summer slump and high mortgage costs dragged on sales.

Data released by Halifax, Britain's biggest mortgage lender, showed that prices fell by 4.6% in August, marking the biggest year-on-year decrease since 2009.

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