Average property cost £298,468 in August, down by 0.4% year on year amid higher interest rates, says LloydsBusiness live – latest updatesUK house prices have fallen for the first time in almost three years, as prospec…
Average property cost £298,468 in August, down by 0.4% year on year amid higher interest rates, says LloydsBusiness live – latest updatesUK house prices have fallen for the first time in almost three years, as prospective buyers were squeezed by higher mortgage rates, geopolitical uncertainty and stretched affordability.Prices have dropped by 0.4% compared with a year ago, the first year-on-year decrease since November 2023, according to the lender Lloyds. That came in below expectations of a 0.2% annual rise, according to a poll of economists by Reuters. Continue reading…
Source: The Guardian – World
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- Wire dispatch directly ingested from World news | The Guardian.
- Published at Mon, 07 Sep 2026 11:20.
- Source URL: https://www.theguardian.com/money/2026/sep/07/uk-house-prices-fall-august-interest-rates-lloyds