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UK home prices dropped 1.8% in November, the steepest fall since 2012, due to budget uncertainty and tax fears.
UK home prices fell 1.8% in November, the sharpest monthly drop since 2012, averaging £364,833, driven by uncertainty over the upcoming autumn Budget and fears of tax changes.
Over a third of listed homes saw price reductions, with high-end properties hit hardest.
Despite lower mortgage rates and rising wages, buyer activity slowed as many delayed decisions.
Sales in the under-£500,000 segment remained stable, and rental prices saw a slight annual decline, though renewals rose.
Experts expect mortgage lending growth to slow in 2026 due to affordability pressures, with recovery forecast for 2027.
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Los precios de las casas en el Reino Unido cayeron un 1,8% en noviembre, la caída más pronunciada desde 2012, debido a la incertidumbre presupuestaria y los temores fiscales.