Halifax said average house prices dropped by 0.1% in June after a 0.2% fall in May, a smaller decline than most economists had forecast in a Reuters poll. Prices in the three months to June were 0.9% lower than in the first quarter of 2020, the largest quarterly fall since 2011.
Compared with a year earlier, prices are still up by 2.5%, and Halifax said new mortgage enquiries had doubled in June - in line with reports from estate agents of a bounce in activity after lockdown restrictions ended in England.“The near-term outlook points to a continuation of the recent modest downward trend in prices through the third quarter of the year,” Halifax managing director Russell Galley said.
Well who wants to live in a city with violent mob rule on the streets...NY, CA,WA ECT have same problem
Quick! Somebody buy me a little cottage with a garden!
Due to corona virus
I wonder why ?
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