archivehouse prices halifax index

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...

A "delicate balance" was seen in the property market in February, with the average house price dipping by £213 month-on-month, according to an index. Property values fell by 0.1% on a monthly basis, taking the average house price in February to £298,602.Steady annual house price growth was maintained at 2.9%, consistent with what was recorded in January. Amanda Bryden, Halifax's head of mortgages, said: "February's figures highlight the delicate balance within the UK housing market. While there's been talk of a last-minute rush on new mortgages ahead of the changes...