Key facts
- UK house prices have fallen for three months in a row.
- This is the first time this has happened in two years.
- The South East is the region with the largest house price falls.
- The South East has overtaken London in terms of price declines.
House prices across the UK have now fallen for three consecutive months, a trend not seen in two years. Data from Halifax indicates that the South East of England is currently the region most affected by this downturn, with price decreases there now exceeding those in London. This marks a notable shift, as London had previously been the area experiencing the most significant declines.