UK house prices see their biggest fall since 2008

Halifax’s latest house price index shows UK house prices fell by 2.3% in November

Man looking in an estate agent's window © Alamy
House prices have grown by 19% since March 2020
(Image credit: Man looking in an estate agent's window © Alamy)

According to Halifax’s house price index, average UK house prices fell by 2.3% in November, a notable acceleration from the 0.4% reported in October. The drop in November is the largest reported since October 2008, and the third consecutive monthly fall in prices.

The annual rate of growth fell from 8.2% in October to 4.7% in November.

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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.