UK House Prices Fall 1.2% in Year to October

Average UK house prices fell 1.2% in the year to October, reaching £296,285. It was the biggest annual decline in more than three years.

UK house prices fell 1.2%.

Prices fell in the year to October. The average price was £296,285.

It was the biggest fall in over three years.

London had the biggest fall. Prices fell 3.1% there.

The average price was £524,892.

Prices rose in the North West. They rose 2.2%.

Prices also rose in the North East. They rose 2.0%.

Andrew Asaam works for Lloyds.

He said prices may stay weak. This may happen soon.

He did not expect a long fall.

Section: London

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