Thursday, 11 June 2020

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.

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