UK house prices fall again but market shows resilience-Halifax

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British house prices fell in July for the fourth time in a row in month-on-month terms but the market is showing some signs of resilience in the face of the climb in borrowing costs, mortgage lender Halifax said on Monday.

Prices fell by 0.3% from June and in year-on-year terms they were down by 2.4%, a slightly smaller drop than June's 2.6% decline which was the largest such fall since June 2011.

But the buy-to-let sector appeared to be under pressure, possibly pointing to more homes being put up for sale which could ease the long-standing shortage of properties on the market, a factor behind the high valuations.

 

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