LONDON, Sept 7 () — The average UK house price fell by 4.6 per cent in August, marking the biggest year-on-year decrease since 2009, according to mortgage provider Halifax, reported German news agency (dpa).
The lender said that it should be noted that the fall is from record-high property prices seen last summer.
Across the UK, the average house price in August was £279,569 (RM 1.63 million), representing a fall of around £14,000 over the past year.
The typical property value fell by 1.9 per cent month-on-month in August, marking the largest monthly fall since November 2022.
The average house price remains around £40,000 above pre-pandemic levels, Halifax said.
— Bernama-dpa
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