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UK house prices up higher than expected in May

Wednesday, June 8, 2016 - 05:50
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Halifax said house prices rose by 0.6 per cent in May, reversing April's 0.8 per cent dip. "The strength of demand, combined with very low supply, is causing house prices to rise at a brisk pace," says the mortgage lender.

London

BRITISH house prices rose faster than forecast last month, rebounding from a dip in April caused by a new tax on rental property, figures from mortgage lender Halifax showed on Tuesday.

Halifax said house prices rose by 0.6 per cent in May, twice the rate forecast in a