UK House Prices Fall

British house prices fell for the fourth consecutive month in June as Covid-19 pressures continued on the market, marking the longest monthly decline since 2010. mortgage lender Halifax said on Tuesday

Average house prices fell 0.1% in June after a 0.2% decrease in May and 0.9% lower than Q1 2020.

Compared to the previous year, prices increased 2.5%, the slowest rate of growth since November 2019.

“The near-term outlook points to a continuation of the recent modest downward trend in prices through the third quarter of the year,” Halifax managing director Russell Galley said.