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House price growth in the UK at its lowest rate for six years

December 10, 2018 / Halifax

House prices in the UK fell by 1.4% in November and at an average of £224,578 are just 0.3% above where they were a year ago, the latest lender index shows. The data from the Halifax also shows that on a quarterly basis house prices fell by 1.1% with the market now seeing its lowest rate of growth in six years. But Russell Galley, Halifax managing director, pointed out that annual price growth is still positive and within the 0% to 3% rate it had forecast for 2018.