Thursday, June 5, 2008
Down Down they go!
UK house prices fell by 2.4% in the single month of May according to the latest available data published today from Halifax (HBOS). This fall dovetails with recent data from Nationwide suggesting a similar pattern of falls; approximately 2.3% for the Month of May. This most recent house price fall represents the steepest price correction since 1993 for both the leading house price indicators.