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The Guardian - UK
The Guardian - UK
Business
Joe Middleton

UK house prices fall at fastest rate in 14 years, says Halifax

Terraced properties on the high street, Henley-in-Arden, Warwickshire, England
The annual rate of house price growth slowed to 4.7% in November, down from 8.2% in October. Photograph: Graham Toney/Alamy

House prices in the UK fell by 2.3% in November, according to Halifax, the largest monthly drop on its index since the beginning of the financial crash in 2008.

The fall is the third in a row, and means the average house price last month was £285,579, down from £292,406 in October.

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