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Friday, June 5, 2020

UK house prices fall for third month in a row as Covid-19 stifles market

Interest from buyers in England increased in May as lockdown eased, says Halifax

House prices fell for a third month running in May as lockdown measures to tackle the coronavirus stifled homebuying activity, according to figures from the mortgage lender Halifax.

The bank said the average price of a home in the UK dropped by 0.2% over the month and stands at £237,808. Over the last three months, the period during which the pandemic was declared, prices were down by 0.5%.

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