In the latest Halifax House Price Index for May, house prices were largely unchanged in May, edging down very slightly (-£130) compared to April, with the average UK property now costing £286,532. More notably the annual rate of growth fell to -1.0%, marking the first time since 2012 that house prices have fallen year-on-year. Given the effectively flat month, the annual decline largely reflects a comparison with strong house prices this time last year, as the market continued to be buoyant heading into the summer. Property prices have now fallen by about £3,000 over the last 12 months and are … Continue reading UK Housing Market is Coming Back Down to Earth After a Strong Three Years… Not Falling Off a Cliff