House Prices Decrease 1.2% In August

House prices fell 1.2% in August in comparison to July according to new figures released by Halifax today.

The new statistics have also shown that house prices are curently 2.6% lower than a year ago at £161,743.

“A recent decline in average mortgage rates has further boosted home affordability for those able to raise a deposit to make a new purchase,” said Martin Ellis, Halifax’s housing economist.

 

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