UK House Prices Fall for Fourth Month After Key Rate Surges
- Halifax says London prices lag those in other regions
- Household balance sheets in good shape to weather a drop
Soaring interest rates and the a cost-of-living squeeze has strained affordability for many buyers.
Photographer: Mary Turner/BloombergThis article is for subscribers only.
UK house prices fell for a fourth month, adding to concerns a deeper slump may now be underway.
Nationwide Building Society said its measure of property costs dropped 0.1% in December, marking the longest downturn since 2008 at the end of the global financial crisis.