World · 5 June 2026

UK house prices drop for third month

UK house prices fell for the third month in a row during May, making it harder for people to afford a home. Lender Halifax said prices dropped 0.1% in May, with rising mortgage rates, partly due to the Iran war, hurting demand. A typical two-year fixed mortgage rate hit 5.66%, rising from 4.83% in early March.

By BriefTea Editorial · 5 June 2026 at 14:12

Reported by Guardian · How we write briefs

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