House prices plummet by an average of more than £11,000 in just two months trends now
House prices plummet by an average of more than £11,000 in just two months trends now
House prices plummet by an average of more than £11,000 in just two months at the end of 2022 in the largest drop seen since 2009 House prices saw biggest drop since 2009 between October and December Typical home went from £292,406 to £281,272, with an average fall of £11,134 Experts said if house prices fell by 10 per cent would still be higher than 2019
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House prices fell by an average £11,134 in just two months in 2022 – in the biggest drop in more than a decade.
It means the typical home was worth £281,272 in December, down from £292,406 in October.
In the past three months, values are down 2.5 per cent, the largest quarterly drop since February 2009 during the financial crash.
House prices peaked in August 2022, with the average home increasing by £17,000, according to Halifax.
