UK Property

UK Property

UK house prices fall for sixth month in a row, ONS data shows

Stay informed with free updatesSimply sign up to the UK house prices myFT Digest -- delivered directly to your inbox.UK house prices fell in the second half of 2023 driven by weakness in the London market, according to official data, underscoring the continuing pressure of higher borrowing costs.Average UK house prices decreased 1.4 per cent year on year in December 2023, the Office for National Statistics said on Wednesday. This was smaller than a revised fall of 2.3 per cent in November 2023, but marked six consecutive months of contraction.The...
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