House prices fall in London as UK market remains subdued

Summarised from 2 outlets · Updated 7 Oct, 09:13 · Archive

London house prices fell 2.2 per cent year-on-year to £531,548 in September, whilst UK prices flatlined.

London house prices fell at a faster rate last month, with the average price falling 2.2 per cent year-on-year to £531,548 in September, according to Lloyds data. Homeowners in the capital continue to bear the brunt of the property market slowdown. Across the UK as a whole, house prices flatlined in September, with the average cost of a home at £298,441, roughly the same as a year earlier and in August. Rising mortgage costs have started to weigh on the broader market.

How it is being reported

• UK house prices flatline as rising mortgage costs weigh on marketAverage cost of home in September was £298,441, says Lloyds – about the same as year earlier and in August Business live – latest updates UK house prices flatlined in September, according to a leading index, as rising mortgage costs started to weigh on the market. The average cost of home last month was £298,441, roughly the same as it was a year earlier and in the previous month, according to the tracker from Lloyds previously known as the Halifax HPI. Continue reading...Guardian Business · 7 Oct, 08:56
• House prices fall faster in London as property market stays ‘subdued’House prices in London fell at a faster rate last month, as homeowners in the capital continue to bear the brunt of the property market slowdown caused by the Iran war. The average house price in London fell by 2.2 per cent to £531,548 in the year to September, according to the Lloyds house price [...]City AM · 7 Oct, 07:28

In this story: London · UK · Lloyds

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem