UK home costs fell for the primary time in additional than a yr in July, because the nation’s largest lender warned of the affect of upper rates of interest and the broader value of residing disaster.
The typical value of a house was £293,221 final month, down 0.1% month on month, the primary lower since June final yr, in line with the most recent report from Halifax.
The marginal drop pushed down the annual charge of progress from 12.5% to 11.8%, though general home costs stay greater than £30,000 increased than…
