House prices fall 3.6% in September |
New figures from Halifax suggest that house prices fell by a huge 3.6% in September – the biggest monthly fall since Halifax’s records began in 1983. Despite this record fall, house prices are still 2.6% higher than this time last year, with the average house valued at just over £162,000.
The figure is similar to the value of 3.1% recorded by the Nationwide for house price fall in September. Halifax did comment that low volumes of sales contribute to volatile fluctuations in house prices. They also added that the large number of houses available on the market has pushed prices down.
