UK house prices slump by £1,150 – but millions now ‘confused’ | Personal Finance | Finance
UK house prices slump by £1,150 month-on-month (Image: Getty)Average house prices in the UK fell by around £1,150 or 0.4% month-on-month in May, according to a leading index.Property prices now average £296,648, compared to £297,798 last month, Halifax has said. But, despite the monthly price drop, property values are still more than £7,000 higher than last year, Halifax said. May’s month-on-month price fall follows a 0.3% increase in April. Amanda Bryden, head of mortgages at Halifax, said: "These small monthly movements point to a housing market that has remained largely...