UK House Prices Just Dropped 4% In One Month -- The Worst Decline Ever

House Cliff

UK housing prices just suffered their worst month in recorded history.

The average housing price dropped by 6,000 pounds, or $9,500, during the month of September alone.

It’s the kind of financial paper loss you are better off ignoring:


The group said an increase in the number of properties on the market, combined with a drop in demand fuelled by uncertainty over the economy, forced prices down 3.6pc – the biggest monthly fall since figures were first compiled in 1983.

The price of an average home in the UK dropped from £168,124 in August to £162,096, Halifax figures showed.

Read more here >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at