Brian Murphy, Head of Lending for Mortgage Advice Bureau comments:
“The report released by the Halifax this morning indicates that house price growth appears to have steadied in May, following a somewhat lacklustre set of figures last month. With modest year on year and month on month increases of less than two percent, one might be forgiven for thinking there’s little to write home about. However, what should be remembered is that at the beginning of the year, expectations for the market were subdued, with minimal average growth forecast for 2018. In that context then, this morning’s figures suggest that the UK housing market is currently performing within expectations.