UK house prices fall in January as property market runs out of steam

UK house prices fall in January as property market runs out of steam

The average house price slipped by 0.3 per cent in January, in signs that an uplift in the market could be running out of steam, according to an index.

It marked the biggest monthly fall since April 2020, although typical house prices are still £13,000 higher than a year ago, Halifax said.

Across the UK, average property values stood at £251,968 in January.

This was a 5.4 per cent annual…

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