Halifax reports marginal house price fall In May

The average UK house price now stands at £167,570, with annual growth of 6.9% up from 6.6% in April. This is the largest rate of change in annual growth Halifax has recorded since October 2007, as house price changes in March and April compared favourably with the significant declines during the same period last year. In addition, the lack of supply of houses for sale was a key factor in 2009 house price growth. Now, more people are being encouraged to put their properties on the market by improving market conditions, the scrapping of HIPs and potential CGT changes. However, Halifa...