House prices have fallen just 1.1% from their
pre-lockdown peak, according to the latest house price data from the Halifax.
The mortgage lender today reported a third month-on-month fall in prices in
May, with prices down by 0.2% in the month to an average price of just under
£238,000. This is a fall of 1.1% in total from the recent pre-lockdown peak in
house prices in February, and takes prices back to the level last seen in
December 2019. Year-on-year, the firm said, prices are still up, with May’s
number 2.6% above the level of May 2019. Read more on Housing Today.
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