UK house prices fell by 0.2% month on month in December – the first monthly drop since March – according to Britain’s biggest mortgage lender. Data released by Halifax, Britain’s biggest mortgage lender, also showed that the price of the average home climbed by 3.3% last month compared with the same period a year earlier – down from an annual rate of 4.7% in November. House prices gathered steam in the latter half of 2024because of a drop in mortgage rates, rising wages and easing of price inflation, which put less pressure on consumer finances. “In many areas across the
