Halifax says house price growth at six-year low

Mortgage lender Halifax has said house prices increased 1.1% in the year to the end of September, the slowest rate since April 2013. It added that for as long as economic uncertainty in Britain continues, price growth would remain "predominantly flat". The cost of the average home in September was down by 0.4% compared with August, at £232,574. House price growth has slowed since the Brexit referendum in 2016 - the Halifax index was showing growth of about 8% a year at the time - and prices have recently been falling in London. Russell Galley, managing director of Halifax, said: “We expect activity levels and price growth to remain subdued while the current period of economic uncertainty persists”.

BBC News (07/10/2019)