UK house prices fall 2.4% in May, down 3.8% in a year
Britain’s biggest mortgage lender says that house prices fell 2.4% in May, the fourth straight month of declines in the once-booming housing market.
The Halifax said average prices are now 3.8% lower than a year ago, when prices were still edging upward. The report noted that the number of new buyers interested in buying a home fell for the 17th straight month in April. The number of mortgages approved for house purchases in April was half the total a year earlier. (The Economic Times)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.