UK house prices fell for the sixth straight month in September as higher interest rates weighed on mortgage affordability, survey data from the Lloyds Bank subsidiary Halifax and S&P Global showed Friday.
House prices slid 0.4 percent on a monthly basis in September. This was the sixth straight month of decline but markedly slower than the 1.8 percent fall in August. Prices were forecast to decrease 0.8 percent. A typical UK home costs GBP 278,601, a similar level was last seen in early 2022.
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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.