UK house prices fall 0.9 percent in October, Halifax says

UK house prices fell 0.9 percent in October on the Halifax index, the steepest monthly drop since July 2023, taking the average price to 299,395 pounds and slowing annual growth to 0.3 percent.

Why it matters: The fall came as two-year fixed mortgage rates rose to 4.35 percent at the start of November, up from 4.19 percent a month earlier, as markets scaled back expectations for Bank of England rate cuts and buyer demand eased.

Data as of Halifax house price index figures for October 2026, as reported by The Guardian on November 6, 2026, read in full via the estate browser route after the direct fetch was blocked. Nationwide's separate index, cited in the same report, showed prices up 0.3 percent in October, so the two lender indexes disagree on the month. Developing item.

UK house prices fell 0.9 percent in October on the Halifax index, the steepest monthly fall since July 2023, after a 0.1 percent rise in September. Annual growth slowed to 0.3 percent, the weakest since May 2024, and the average price dropped to 299,395 pounds from 301,780 pounds in September.

Halifax said weakening demand drove the slowdown, as rising swap rates pushed mortgage costs up: the average two-year fixed rate reached 4.35 percent at the start of November, from 4.19 percent at the start of October, after markets scaled back expectations for Bank of England cuts. Nationwide’s separate index pointed the other way for the month, with prices up 0.3 percent in October and 2.4 percent over the year, and both lenders described affordability as stretched and activity as subdued.

UK house prices fall 0.9 percent in October, Halifax says

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