London house prices were down 4.8% in September, according to Halifax’s House Price Index, as the fear that interest rates will be “higher for longer” continues to take hold.
The UK’s biggest mortgage lender says the average house price across the nation slipped by another 0.4% in the month to £278,601, leaving it 4.7% below September 2022. But the fall was slightly steeper in London, at 4.8%, with the average home costing £525,678. London prices had previously been falling more slowly than the rest of the country.
