UK House Prices Stagnate With Small Dip in May, Halifax Says
- Reading is a touch weaker than data Nationwide reported
- Labour promising support for buyers ahead of election
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The UK housing market extended its stagnation in May as buyers faced constraints on affordability from the highest interest rates in 16 years, one of the nation’s biggest mortgage lenders said.
Halifax said its measure of property values fell 0.1% after no change the month before and a drop of 0.9% in March. That was weaker than Nationwide Building Society’s figures, which showed growth for the first time in three months.