UK house prices post first annual drop since 2023
British house prices recorded their first annual decline in nearly three years during August. Lloyds data showed a 0.4 percent drop as higher borrowing costs prompted buyers to delay purchases.
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United Kingdom house prices fell 0.4% annually in August, marking the first decline since November 2023. The drop followed rising borrowing costs linked to geopolitical tensions involving the United States and Iran .
