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House Price Falling Graph

House Prices Down 2.3% In November – Largest Drop Since Financial Crisis

In November, house prices were down 2.3% in a month to an average of £285,579, according to the latest Halifax House Price Index.

Overall almost £7,000 was wiped off house prices as the UK registered its third consecutive month of price falls and the largest since the financial crisis in 2008.

But average prices are still £12,000 higher than this time last year, and £46,403 higher than the month before the pandemic (March 2020).