U.K. Home Prices Fall Became More Widespread in October

The U.K. housing market saw widespread price falls in September, as higher mortgage rates and cost-of-living pressures squeezed buyer budgets across most local markets, according to new research published by Zoopla.

U.K. house prices fell 1.1% on year, the most dramatic slowdown in price growth since 2009. House price falls—previously concentrated in Southern England—are now hitting 80% of local markets, though the size of the declines remains limited below 5%, the real-estate company said Monday.