UK house prices rebound in May, but broader picture subdued – Halifax

LONDON (Reuters) – British house prices rebounded more than expected in May, but the broader market picture remains subdued, mortgage lender Halifax said on Thursday.

House prices rose 1.5 percent in May after a 3.1 percent slump in April, Halifax said. A Reuters poll of economists had pointed to a smaller rise of 1.0 percent. Year on year, prices were 1.9 percent higher in the three months to May, as expected.

“These latest price changes reflect a relatively subdued UK housing market,” Halifax managing director Russell Galley said.

To see the latest Halifax House Price Index please click here.

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