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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Buyer’s market fuels fastest fall in UK house prices in 14 years

A row of painted terrace houses in Berkshire.
The average price of a typical UK home fell to £278,601 in September, down from £292,197 in the same month in 2022. Photograph: Maureen McLean/Shutterstock

UK house prices fell at the fastest annual rate in 14 years in September, as high mortgage costs fuelled a sixth consecutive monthly drop in a “buyer’s market”, according to Halifax.

Halifax, Britain’s biggest mortgage lender, said prices fell by 4.7% in September, the biggest year-on-year decrease since 2009.

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