UK house prices fall at steepest rate in more than three years
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Business category. Published on November 6, 2026 • Originally reported by Mark Sweney. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Business category. Published on November 6, 2026 • Originally reported by Mark Sweney. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
October drop of 0.6% leaves average price of property at £296,285, says Lloyds, as high mortgage rates hit market
UK house prices fell at the steepest rate in more than three years in October, marking the fourth consecutive monthly decline, as high mortgage rates hit the housing market.
The average price of a typical UK property stood at £296,285 last month as prices unexpectedly fell 0.6% compared with September, the steepest fall since the lender Lloyds recorded a 1.6% drop in August 2023.
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