Lloyds records biggest annual fall in UK house prices in three years

Evening Standard · Vicky Shaw ·

The average property value was £1,882 lower in October than in September, according to Lloyds’ index.

UK house prices recorded their biggest annual fall in three years in October, according to an index.

The average property value fell by 1.2% annually, marking the steepest decrease since October 2023, Lloyds said.

The average property price in October is £296,285, marking a £1,882 or 0.6% fall compared with September.

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