
House prices in England and Wales fell by 0.2% during May, official figures show today.
The fall follows a month-on-month rise of 0.2% in April and a 0.6% fall in March, and leaves the average home costing £165,314, according to the Land Registry (see the Free House Price Valuation guide).
The annual rate of house price growth also fell during the month, dropping to 8.2% compared with 8.5% in April - the first time annual house price inflation has worsened since April last year.
The figures contrast with May's Nationwide house price index which showed a month-on-month 0.5% rise in May, in addition to gains of 1.1% and 1% in April and March, respectively.
Halifax reported a month-on-month 0.4% drop in May, following a 0.1% dip in April and 1.1% rise in March (see the House prices confusion MSE News story).
Further reading/Key links
Valuation loophole: Free house price valuation
Cut home loan debt: Cheap Mortgage Finding
Latest house prices: Nationwide, Land Registry, Halifax
Have your say
This is an open discussion but the comments do not represent the views of MSE. We want everyone to enjoy using our site but spam, bullying and offensive comments will not be tolerated. Posts may be deleted and repeat offenders blocked at our discretion. Please contact fbteam@moneysavingexpert.com if you wish to report any comments.