“UK house prices fell again in August, with the monthly drop of -1.9% the steepest since last November, following a period of relative stability. The average home now costs £279,569, down by around £5,000 since July, and back to the level seen at the start of last year. On an annual basis prices fell by -4.6%, the biggest year-on-year decrease since 2009, though it should be noted that this is relative to the record-high property prices seen last summer. “It’s fair to say that house prices have proven more resilient than expected so far this year, despite higher interest rates weighing on buyer demand. However, there ... (full story)