UK House Prices Take a Double Hit: Second Consecutive Monthly Drop The UK's housing market has taken a double blow as Halifax reports a second consecutive monthly drop in house prices, with the typical home costing £299,313 in April, a 0.1% decrease from March's figure. This decline marks the second month in a row that house prices have fallen, with the pace of annual growth also slowing down significantly. Halifax, Britain's largest mortgage lender, has revised its estimate for annual growth from 0.8% to a more modest 0.4%, citing the ongoing conflict in the Middle East as a contributing factor. As the UK's housing market continues to navigate uncertain economic waters, this latest development is likely to raise concerns about the future of the market and its impact on homebuyers and sellers.
Halifax says cost of typical home fell by 0.1% in April, the second consecutive monthly drop, with pace of annual growth down from 0.8%. to 0.4%Business news – live updates UK house prices fell for a second consecutive month in April, as Halifax halved its estimate for the annual rate of growth due to the conflict in the Middle East.Halifax, which is part of Lloyds – Britain’s biggest mortgage lender – said that the cost of a typical UK home fell by 0.1% in April, to £299,313. This followed a 0.5% fall in March. Continue reading...
