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UK housing market slows to a halt during lockdown: Halifax - Metro US

UK housing market slows to a halt during lockdown: Halifax

Newly built properties and "for sale" signs are seen at a Barratt housing development near Haywards Heath

LONDON (Reuters) – Activity in Britain’s housing market has come to a dead stop during the coronavirus lockdown, mortgage lender Halifax said on Thursday.

House prices fell in monthly terms by 0.6% in April, although Halifax cautioned that house prices had become more difficult to measure given the lack of transactions.

They showed a 2.7% rise in annual terms.

Halifax said the outlook was uncertain but that it had “underlying confidence” in the long-term health of the housing market.

(Reporting by Andy Bruce; editing by Michael Holden)

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