Average house prices have gone down in the longest run since 2008. The average house prices are approximately £262,068, the house price growth has also been the lowest since the middle of 2020 during the pandemic. House price growth slowed in all UK regions, particularly in south-west England, where the annual rate fell from 12.5% to 4.3% in the last quarter, while in Wales annual growth slowed from 12.1% to 4.5%. England overall recorded a rate of 4.8%, down from 9.9%, with London the weakest performing English region, as annual growth eased to 4.1% from 6.7% in the third quarter.
How is this going to affect property buyers and sellers?