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UK house prices dipped 0.3% in September, first drop since early 2024, averaging £298,184.
UK house prices fell 0.3% in September, the first monthly drop since early 2024, averaging £298,184, with annual growth slowing to 1.3%, according to Halifax.
Despite a slight dip, prices are up 0.3% year-to-date.
First-time buyers face a typical home cost of £236,811, up 1.7% from a year ago.
Lower mortgage rates and steady wages support buyer confidence, though affordability remains a key challenge.
Government proposals to improve transparency and reduce chain failures may help, but economic uncertainty and cautious lending persist.
Nationwide reported a 0.5% monthly rise, indicating mixed market signals.
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Los precios de la vivienda en el Reino Unido cayeron un 0,3% en septiembre, la primera caída desde principios de 2024, con un promedio de 298.184 £.