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UK house prices fell £1,150 in May, marking a 0.4% drop, as growth slows to 2.5% annually.
The average UK house price fell by £1,150 (0.4%) in May, according to Halifax, despite a yearly increase of over £7,000.
The annual rate of house price growth slowed to 2.5% in May from 3.2% in April.
Despite the drop, the market remains stable with prices down only 0.2% since the start of the year.
Factors including low unemployment, rising earnings, and anticipation of lower borrowing costs support buyer confidence.
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Los precios de la vivienda en el Reino Unido cayeron 1.150 £ en mayo, lo que representa una caída del 0,4%, ya que el crecimiento se desacelera al 2,5% anual.