Housing market in UK showing signs of slowing down, London, United Kingdom - 16 Jun 2023
A picture taken with a drone shows houses in east London, Britain, 16 June 2023. House prices across the UK fell by 1 percent on average, first annual decline since December 2012, according to Halifax Mortgages. UK mortgage rates are heading up towards 6 percent interest rates and higher borrowing costs are adding to the burden on homeowners with the biggest mortgage squeeze since 1991.