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% the beginning of this year, which is the largest decline since September 2010. Halifax also noted that housing demand has softened since between March and April, 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."
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."