The fall of one percent year-on-year mirrors the drop in mortgage lending to its lowest levels since lockdown.
A typical UK property now costs £286,532, down from £286,662 in April, Halifax said.
A further drop in values of 5 percent, which would lop £14,327 off a three-bedroom semi's price, has been forecast.
Property values have now shrunk by £3,000 over the last 12 months and by £7,500 since last August's peak.
Diese Geschichte stammt aus der June 08, 2023-Ausgabe von Daily Express.
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Diese Geschichte stammt aus der June 08, 2023-Ausgabe von Daily Express.
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