UK House Prices Stagnate With Small Dip in May, Halifax Says.

The UK housing market experienced stagnation in May, with a slight decrease in property values, according to Halifax, one of the nation's largest mortgage lenders. This is due to affordability constraints caused by the highest interest rates in 16 years. The market is struggling to find direction, with a shortage of available properties supporting prices. Both the Conservative and Labour parties have pledged measures to help buyers and increase the supply of new homes, making housing a key issue in the upcoming general election. Despite the recent dip, prices are still 1.5% higher compared to a year ago. [Extracted from the article]

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