UK house prices held steady in May underpinned by rising wages and an increase in economic confidence during the important spring selling season, according to the latest data from mortgage lender Halifax.
Average house prices were stable in May, dipping 0.1% on a monthly basis. The typical UK home now costs £288,688 – reduced slightly from £288,862 in April, according to Halifax’s index . On an annual basis, prices were up by 1.5% in May and up from 1.1% in April.
