The average house price fell by 1.5% month-on-month in December, following a 2.4% fall in November and marking the fourth consecutive monthly decline, Halifax said.
Bond market turmoil triggered by former prime minister Liz Truss's short-lived tax-cut plans also caused many lenders to withdraw mortgage offers in October. Halifax expects house prices to drop 8% in 2023 - although it said this would only mean a return to levels last seen in April 2021.
Good. Still not enough.
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