UK house prices declined at the fastest pace since early 2021 amid rising cost of living coupled with stretched mortgage affordability weighing on the property market activity, data published by the Llyods Bank subsidiary Halifax showed Monday.
House prices were down 0.4 percent in October from September, when prices slid 0.1 percent. This was the second consecutive fall and the sharpest since February 2021. The rate came in line with expectations.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.