U.K. Home Prices Rise 0.1%, Failing to Recover From April Drop
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U.K. house prices rose 0.1 percent in May, failing to bounce back from the biggest drop in seven months in April, according to Halifax.
The increase follows a 1.4 percent decline in April, Halifax, the mortgage unit of Lloyds Banking Group Plc, said in a statement in London today. In the three months through May, values fell 1.2 percent from the previous three months. The average cost of a home in May was 160,519 pounds ($262,914).