House prices fall at sharpest rate in nearly two years

House prices have fallen at the sharpest rate in almost two years. According to the latest figures from Halifax, October’s fall of 0.4% was the steepest since February 2021. Halifax’s data is the latest confirmation that, after two years of rapid growth, the property market is starting to cool. Nationwide, which uses a slightly different method to calculate its house price index, said last week that house prices decreased for the first time in 15 months in October. The Times (£)