UK House Prices Take a Tumble: A Reality Check in the Face of Unpredictable Markets The latest numbers from Lloyds confirm what many had been expecting: UK house prices are showing vulnerability for the first time since 2023.
The year on year decrease stands at 0. 4%, with prices dropping significantly in London and the south east.
Higher mortgage rates and geopolitical uncertainty have squeezed prospective buyers, who face rising borrowing costs and increased anxiety about inflation.