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UK house prices edge down in May, Halifax says

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British house prices edged down by 0.1% in May from April, representing a stabilisation of the market after a slowdown last year which was followed by a recovery on hopes of falling borrowing costs, data from mortgage lender Halifax showed.

In the 12 months to May, prices rose by 1.5%, Halifax said on Friday, faster than the median forecast in the Reuters poll for an annual increase of 1.2%.

The stable picture for property prices over the last three months was likely to give more confidence to buyers and sellers, Bryden said.

 

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