UK house prices slowdown – are we heading for a crash?

The Halifax House Price Index shows house prices fell in September. Is the dip a sign of things to come?

Property for sale signs
The outlook for house prices is far from clear
(Image credit: © Getty Images)

The property market is starting to show signs of a slowdown. UK house prices fell by 0.1% in September compared to a 0.3% increase in August, Halifax’s latest House Price Index showed. Annual growth also fell, to 9.9% from 11.4% last month.

“The events of the last few weeks have led to greater economic uncertainty, however in reality house prices have been largely flat since June, up by around £250. This compares to a rise of more than £10,000 during the previous quarter suggesting the housing market may have already entered a more sustained period of slower growth,” says Kim Kinnaird, director at Halifax Mortgages.

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Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She has previously worked for MoneyWeek.