UK house prices dropped for the second straight month in April as geopolitical tensions drive inflation higher and trigger interest rate hike concerns, data published by the mortgage lender Halifax showed Friday.
House prices dropped 0.1 percent on a monthly basis in April but slower than the 0.5 percent decrease in March. Prices were expected to remain flat.
The annual growth in house prices halved to 0.4 percent from 0.8 percent in March. The typical property now costs GBP 299,313.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.