UK house prices posted their biggest monthly decline in almost eight years last month , according to the country 's largest mortgage lender Halifax , marking the latest sign that the global housing market could be weakening . Prices fell by 3.1 % between March and April , which is the largest decline since September 2010 . Halifax also noted that housing demand has softened since the beginning of this recession , although it also said that monthly prices can be volatile , and that " the housing market is performing strongly with prices continuing to fall and wage growth finally picks up . "
UK house prices posted their biggest monthly drop in almost eight years last month, according to the country's largest mortgage lender Halifax, marking the latest sign that the UK housing market could be weakening. Prices fell by 3.1% between March and April, which is the largest decline since September 2010. Halifax also noted that housing demand has softened since the beginning of this year, although it also said that monthly figures can be volatile, and that "the labour market is performing strongly with unemployment continuing to fall and wage growth finally picking up."