Lloyds records the biggest annual fall in UK house prices in three years

Summary

Lloyds recorded the biggest annual fall in UK house prices in three years, the Evening Standard and The Independent reported on Friday 6 November, the average property value being £1,882 lower in October than in September, according to Lloyds' index. The average house price in the UK fell by 1.2 per cent to £296,285 in the 12 months to October, according to the Lloyds house price index, City A.M. reported, writing that buyers' confidence is now in danger of slumping lower after Thursday's interest rate hike. Lloyds Bank says UK house prices fell by 0.6% in October, following a 0.1% decrease in September, the Birmingham Mail reported.

Latest: Lloyds recorded the biggest annual fall in UK house prices in three years, the average house price falling by 1.2 per cent to £296,285 in the 12 months to October, City A.M. reported, and the average property value being £1,882 lower in October than in September, according to the Evening Standard and The Independent.

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