UK house prices fall for third successive month amid Iran war uncertainty

Unexpected monthly drop of 0.1% in May leaves price of typical home at £298,806, says lender Halifax Business live – latest updates UK house prices fell unexpectedly in May as rising mortgage rates fuelled by the war in Iran affected affordability and homebuyer demand. The average price of a typical UK home fell by 0.1% in May to £298,806 compared with April, the third consecutive monthly drop recorded by the lender Halifax. Analysts had been expecting a return to growth, with a consensus o...

By Mark Sweney