UK housing prices unexpectedly dropped by 0.4 percent in October, fueling speculation that the market is slowing down. This is the lowest the annual price growth rate has been since June, according to the most recent figures released by Halifax. Analysts had been anticipating a 0.4 percent increase for October. Price inflation on the UK housing market in the three months prior to October hit just 0.8 percent, its weakest performance since the three months leading to December 2012, according to Reuters.
