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UK House Prices Static In May: Few Surprises

CREDIT MACRO

Halifax House Prices reported static in May (-0.1% m/m) with the annual change remaining low (at +1.5%, from +1.1% in April). Few surprises here and the impending general election usually slows the housing market so the Summer season likely to be delayed a month. Few credit implications, in our view.

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Halifax House Prices reported static in May (-0.1% m/m) with the annual change remaining low (at +1.5%, from +1.1% in April). Few surprises here and the impending general election usually slows the housing market so the Summer season likely to be delayed a month. Few credit implications, in our view.