Average UK house price falls annually for first time in nearly three years
Andrew Asaam, mortgages director at Lloyds, said: “The average property now costs £298,468, marking the first annual fall in house prices since November 2023.…
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Summary
The average UK house price fell annually in August, marking the first year-on-year decrease since November 2023, according to an index. Scotland also recorded solid growth, with prices rising by 3.5% annually, the report said. The typical house price fell by 0.2% month on month, following a 0.1% month-on-month decrease in July.
Furthermore, A 0.4% average annual drop in property values was recorded by Lloyds in August. Get a free fractional share worth up to £100.
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The average UK house price fell annually in August, marking the first year-on-year decrease since November 2023, according to an index.
reliability moderate2/2 sourcesAverage UK house price falls annually for first time since 2023 – Lloyds.
reliability moderate2/2 sourcesAcross the UK, the average house price in August was £298,468.
reliability moderate2/2 sourcesScotland also recorded solid growth, with prices rising by 3.5% annually, the report said.
reliability moderate2/2 sources
Reported detailssecondary facts, each attributed to its source
The typical house price fell by 0.2% month on month, following a 0.1% month-on-month decrease in July.
according to Evening StandardA 0.4% average annual drop in property values was recorded by Lloyds in August.
according to Evening StandardGet a free fractional share worth up to £100.
according to The Independent
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