House Price Growth Slow in May |
Halifax has today released its results from May which show house prices rising by just 0.1% - the lowest monthly increase since the 0.2% fall in January this year.
The Halifax pointed to higher household bills and rising unemployment being likely to hold house prices in check for the remainder of 2006. Mortgage approvals for house buying fell in April for the second time in four months. April's figure was 11% down on January's.