House prices recovered more than expected last month but the picture of a gradually declining market remained unchanged, according to Britain’s biggest mortgage provider.
Halifax, which is part of Lloyds Banking Group, said prices had grown 1.5% month on month in May, rebounding from April’s 3.1% slump and beating forecasts for 1% growth.
Measured over the full year, though, prices continued to slow, dropping from 2.2% to 1.9%.
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