House prices drop for first time in a year, says Halifax

By Joey Gardiner2022-08-05T09:15:00

Mortgage lender says prices fell in July and predicts slowing annual growth in wake of interest rate rise

House prices fell in July for the first time in over a year, according to the latest figures from the Halifax.

The mortgage lender said the average price of a home fell by 0.1%, the first drop since prices fell between June and July in 2021 in the wake of the removal of the temporary stamp duty cut.

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