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Halifax: UK House Prices Fall O.4% On Month In May

By   || June 4, 2010 at 08:15 GMT
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–House Prices Down 0.4% m/m In May; Up 6.9% 3m y/y

LONDON (MNI) – UK house prices saw their second consecutive monthly
decline in May, falling by 0.4% after a 0.1% decline in April, according
to the latest Halifax survey.

The rival May Nationwide survey out Thursday showed house prices up
0.5% on the month, and there has been no clear pattern in the recent
house price surveys.

“The mixed pattern of monthly price rises so far this year is
consistent with a slowing market and is in line with our view that house
prices will be flat during 2010 as a whole,” Martin Ellis, the bank’s
housing economist said.

On the Halifax series, house prices were up 6.9% on a 3 month
year-on-year basis.

–London newsroom: 44207 862 7491; email drobinson@marketnews.com

[TOPICS: M$B$$$,MABDA$,MABDS$,MT$$$$]

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