US EditionAverage UK House Price Slumps by £1,150 Month-on-Month – Halifax
- Halifax indicated that the typical UK home value declined by approximately £1,150, or 0.4%, between April and May 2025.
- This decline followed a 0.3% price increase in April and occurred amid a slowdown in annual growth from 3.2% in April to 2.5% in May.
- The drop came after a surge in demand early in the year caused by the April stamp duty deadline, which front-loaded purchases and reduced activity in later months.
- House prices increased year-on-year by over £7,000, with the typical home now valued at £296,648, while regional growth varied, from 8.6% in Northern Ireland to 1.2% in London.
- Lenders eased mortgage criteria after March's Bank of England guidance, potentially increasing borrowing power and boosting affordability despite ongoing economic uncertainty and high prices.
Insights by Ground AI
Does this summary seem wrong?
12 Articles
12 Articles
All
Left
2
Center
4
Right
Coverage Details
Total News Sources12
Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
Factuality
To view factuality data please Upgrade to Premium
