UK house prices fall at fastest rate in nearly eight years
Prices tumbled by 3.1% in April to an average of £220,962, says Halifax
UK house prices posted their largest monthly drop in almost eight years in April in the latest sign the housing market is weakening, according to the country’s biggest mortgage lender.
The 3.1% drop, the biggest since September 2010, knocked £7,140 off the average price of a home to £220,962 last month, said Halifax, which is part of Lloyds Banking Group.
Halifax said housing demand had softened since the start of the year, with both mortgage approvals and completed home sales edging down. The number of homes being put on the market is also low.
https://www.theguardian.com/business...s-fall-halifax
DOOMed™!
Prices tumbled by 3.1% in April to an average of £220,962, says Halifax
UK house prices posted their largest monthly drop in almost eight years in April in the latest sign the housing market is weakening, according to the country’s biggest mortgage lender.
The 3.1% drop, the biggest since September 2010, knocked £7,140 off the average price of a home to £220,962 last month, said Halifax, which is part of Lloyds Banking Group.
Halifax said housing demand had softened since the start of the year, with both mortgage approvals and completed home sales edging down. The number of homes being put on the market is also low.
https://www.theguardian.com/business...s-fall-halifax
DOOMed™!
Comment