Property News · June 7, 2023

UK house prices fall for first time in decade, Halifax data shows


Price of the average home last month was 1.1% lower in May than in the same month last yearUK house prices have experienced their first annual fall in more than a decade, according to Halifax, in a sign that the impact of soaring interest rates on household budgets has brought a halt to the country’s long housing boom.The price of the average home last month was 1.1% lower in May than in the same month last year, marking the first time that prices have fallen year-on-year on the lender’s monthly report since December 2012. Continue reading…

Source : theguardian.com
Read more…UK house prices fall for first time in decade, Halifax data shows

You may also like...