Halifax reports marginal house price fall In May

clock

House prices fell slightly in May by 0.4% following a 0.1% decline in April, according to the Halifax House Price Index.

The average UK house price now stands at £167,570, with annual growth of 6.9% up from 6.6% in April. This is the largest rate of change in annual growth Halifax has recorded since October 2007, as house price changes in March and April compared favourably with the significant declines during the same period last year. In addition, the lack of supply of houses for sale was a key factor in 2009 house price growth. Now, more people are being encouraged to put their properties on the market by improving market conditions, the scrapping of HIPs and potential CGT changes. However, Halifa...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read