House prices suffer first quarterly fall for nearly five years – but a shortage of homes and low mortgage rates will prevent a bigger dip, says Halifax
- Typical house price is now £219,649 according to Halifax
- Property values fell in last three months – first fall since 2012
- But low mortgage rates and lack of supply will keep prices ticking higher
Property values have ‘stagnated’ so far this year thanks to a decline in job creation and a squeeze on household finances with inflation increasing, one of Britain’s biggest lenders says. (more…)