Average UK house price was £3,000 lower in October than a year earlier
by Vicky Shaw
Dec 20, 2023
4 minutes
The average house price was £3,000 lower in October than a year earlier, according to the Office for National Statistics (ONS).
The figures were released as a separate ONS report indicated that private rental prices have been rising at a record rate.
Within London, house prices have been falling at the fastest rate since 2009, while private rental prices have been rising at their fastest pace since at least 2006.
Across the UK, property values fell by 1.2% on average in the 12 months to October 2023.
This was a steeper decline than the decrease of 0.6% recorded in the 12 months
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