Industry reacts to Halifax revealing fall in house prices
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Industry reacts to Halifax revealing fall in house prices
The average value of a home in Britain edged down for a second consecutive month in May, despite the market continuing to show resilience, according to Halifax. The latest Halifax data reveals prices fell 0.1% during the month, the same decline recorded in April. The average home costs £298,806, while annual growth increased slightly from 0.4% to 0.5%. It follows a 0.6% fall reported by Nationwide earlier this month. Amanda Bryden (pictured), He…
Halifax HPI: Demand and prices falter amid ongoing conflict, but estate agents report determined buyers
The Middle East conflict continues to dominate housing market commentary as its impact begins to filter through into monthly reporting. The latest Halifax House Price Index shows house prices were down 0.1% in May, following a similar fall in April. Average growth is up slightly to 0.5%, from 0.4% in April. “Property price trends continue to reflect the uncertainty linked to developments in the Middle East”, said Halifax head of mortgages Amanda…
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