House Prices Down Just 1.1% From Peak

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.

https://www.housingtoday.co.uk/news/house-prices-down-just-11-from-peak/5106354.article