Property prices have dropped for the fourth month in a row, falling by 0.3 percent between June and July and now you can check out the houses for sale near you with the handy In Your Area widget
The average UK house price has plummeted by nearly £1,000 in just one month – and now you can check properties for sale in your area with our interactive widget.
Property value has dropped for the fourth month in a row, falling by 0.3 percent between June and July amid the turbulent housing market. According to Halifax’s house price index, the typical UK property price fell by 2.4 percent year-on-year coming to £285,044 in July, down from £286,011 in June. This is a dramatic drop from the peak of £293,992 last August.
The report highlighted that prices have fallen in all parts of the UK, except the West Midlands which remained flat. The South East had the biggest decline with a 3.9 percent drop, and average house prices coming to £382,489.
This was followed by Greater London which saw downward pressure of 3.5 percent, while Wales and the South West both decreased by 3.3 percent. Prices were down by 0.7 percent in Scotland, with house prices resting at £201,501, while Northern Ireland dropped by just 0.3 per cent annually to £185,322.