LONDON (Reuters) - British house prices dropped unexpectedly last month for the first time since March although they finished the year higher than in December 2023, figures from mortgage lender Halifax showed on Tuesday. Halifax, part of Lloyds Banking Group (LON:), Britain's biggest mortgage lender, said house prices fell 0.2% in December after a 1.2% rise in November, and were 3.3% higher on the year - lower than the 4.2% rise forecast in a Reuters poll of economists.

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Britain’s biggest mortgage lender says say affordability could hamper further rises in the months ahead

Housing surveyors reported the biggest drop in new buyer inquiries in October since the financial crisis, excluding the period during the Covid-19 lockdown. Isabel Infantes | Afp | Getty Images LONDON — House prices in Great Britain fell for the first time in nine months in December, as the country's budget and higher mortgage rates dampened a recent surge in property buyers.

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