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The latest figures from mortgage lender Halifax show that during the crucial spring sales period, UK house prices remained unchanged in May, supported by rising wages and a rise in economic confidence.

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However, the North West of England was the best performing region in the UK, with average house prices reaching £232,258 and annual price growth of 3.8% in May. In Northern Ireland, the trend of robust growth continued, with an increase of 3.2% in May.

Read about the UK Housing Market via our Specialist Residential & Buy to Let Division

The latest information helps to prove that the housing market remains solid despite the Bank of England’s decision not to cut interest rates any further this month.

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Source: Econstrum

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