House prices dropped 0.5 per cent in three months following Brexit, according to the Halifax house price index. The average home price lowered by around £1,000 to £214,140, in contrast to growth seen in the first half of the year. The quarterly price drop was small compared with the 6 per cent record plunge suffered during the crisis of 2008 and 2009. The steepest declines were in Yorkshire and the Humber at 3.9 per cent, and London’s drop was 2.5 per cent. It was unclear how much of this was due to Brexit fears or other factors.
