Global Economic News

UK Halifax House Prices Log Unexpected Fall In April

UK house prices unexpectedly declined in April as higher interest rates to tame stubbornly high inflation weighed on affordability and demand, results of a survey by the Lloyds Bank subsidiary Halifax showed Tuesday.

House prices decreased 0.3 percent on a monthly basis in April, in contrast to the 0.8 percent increase in March, the survey revealed.

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by Renju Jaya

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