UK house prices fall again but market shows resilience-Halifax

  • 📰 Reuters
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines