Lloyds records first annual house price fall since November 2023 as August prices dip 0.2% to £298,468
Lloyds reported on 7 September that UK house prices fell 0.2% in August to an average £298,468, taking annual growth to -0.4% — the first yearly decline since November 2023. Sellers are holding out rather than cutting, so fewer homes are trading and approvals sit at their weakest since early 2024. For buyers that means a stronger negotiating hand; for sellers, a longer wait at ambitious prices. The falls are small, and prices remain 0.2% up on January.
What this means for…
Buyers· 2/3
Sellers· 3/3
Wider market· 3/3
Each axis scored 1 (minor) to 3 (major). Total 8/9.
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19 Oct 2026 · Impact 7/9
New-seller asking prices rise 1% in October to £371,015, but sales agreed are 8% below last year, Rightmove finds
19 Oct 2026 · Impact 7/9
Asking prices rise 1.0% to £371,015 in October but are flat on a year ago as the average two-year fix climbs to 5.55%, Rightmove finds
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