FRESH insight into the UK’s lacklustre housing market has revealed price declines for London and the South East, while the overall national rate of increase halved for May. The closely-watched Halifax House Price Index was released with mortgage holders and would-be home buyers fearing interest rate rises from the Bank of England. It comes amid rising inflation, stoked by higher energy prices because of the war with Iran. Amanda Bryden, head of mortgages at Halifax, said: “Property price trends continue to reflect the uncertainty linked to developments in the Middle East.
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