Average UK house price slumps by £1,150 month-on-month – Halifax

Property values have increased by more than £7,000 over the past year, despite falling month-on-month, Halifax said (Peter Byrne/PA Archive) - (PA Archive)

The average UK house price fell by around £1,150 or 0.4% month-on-month in May, according to an index.

Despite the monthly price drop, property values have increased by more than £7,000 over the past year, Halifax said.