House prices have fallen at the sharpest rate in almost two years.
According to the latest figures from Halifax, October’s fall of 0.4% was the steepest since February 2021.
Halifax’s data is the latest confirmation that, after two years of rapid growth, the property market is starting to cool.
Nationwide, which uses a slightly different method to calculate its house price index, said last week that house prices decreased for the first time in 15 months in October.
