Former prime minister Liz Truss’ mini-budget has pushed up borrowing costs, says Halifax British house prices fell in October at the fastest monthly rate since February 2021, a fresh sign of weakness in the real estate market that reflects the fallout from the former government’s economic plan, according to Halifax. In a report on Monday, the mortgage lender said property prices had dropped 0.4% month-on-month, after a 0.1% fall in September. The average price has declined to £292,598 ($334,508). Halifax indicated that the slowdown had been partly driven by the September 23 economic agenda of former prime minister
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