UK house price growth halved as Iran war fallout hits housing market

UK house price growth halved as Iran war fallout hits housing market

Halifax says cost of typical home fell by 0.1% in April, the second consecutive monthly drop, with pace of annual growth down from 0.8%. to 0.4%

UK house prices fell for a second consecutive month in April, as Halifax halved its estimate for the annual rate of growth owing to the conflict in the Middle East.

Halifax, which is part of Lloyds – Britain’s biggest mortgage lender – said that the cost of a typical UK home fell by 0.1% in April, to £299,313. This followed a 0.5% fall in March.

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