Average UK house price drops by 0.1% in year to September, data shows
The average price of a home in the UK dropped by 0.1% in the year to September, official figures show – the first annual fall for more than a decade.
The Office for National Statistics (ONS) figures, which are based on completed sales, have shown annual price inflation slowing since July 2022, when the headline rate stood at 13.8%.
The ONS said the average cost of a UK home was £291,000 in September, after a 0.5% fall during the month.