Halifax revealed that house prices dropped for the second month in a row, down 0.1% in April following a 0.5% fall in March.
After a strong start to the year, recent global developments have added a greater degree of uncertainty to the outlook. In particular, higher energy prices have fed into inflation expectations prompting markets to reassess the interest rates which has already pushed up borrowing costs. This has lead to more caution among some households, with the cost of living at the forefront of people's minds which in turn means extra thought is being given to planned moves.
