British house prices went into reverse in July

Lender says still too early to say if Brexit has dampened market

5th August, 2016
British house prices drop in July Pic: Getty

British house prices fell by the most in five months after Britain’s decision to quit the European Union, according to figures from lender Halifax. Halifax said, however, that it was still too early to tell how much Brexit had dampened the market.

Prices dropped 1 per cent in July, the biggest slide since February, reversing a 1.2 per cent gain in June, the mortgage lender said in a statement. Values were still up...

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