House prices stayed roughly the same in May, with a slight 0.1 percent drop compared to the previous month.
A typical UK home now costs £288,688, compared to £288,862 in April, according to the latest figures from the Halifgax House Price Index.
Looking at an annual basis, prices rose for the sixth consecutive month, increasing 1.5 percent for the year to May.
On an annual basis house prices rose for a sixth consecutive month, up by +1.5 percent vs +1.1 percent in April. The average property price now stands at £288,688.
Amanda Bryden, head of Mortgages at Halifax, said: “Market activity remained resilient throughout the spring months, supported by strong nominal wage growth and some evidence of an improvement in confidence about the economic outlook.
