Average UK house prices have FALLEN for first month since June 2021 amid interest rate hikes

UK house prices have fallen for the first time in a year, new figures have today revealed, as experts warn that rising interest rates and the cost of living crisis are now beginning to bite.

Average house prices in the UK fell by 0.1 per cent month-on-month in July – a £365 fall in cash terms – according newly released data from Halifax. It means a typical UK property now costs £293,221.

The small but potentially significant slow in the market – the first since June 2021 – comes after…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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