Economic Buzz: UK House Prices Fall For First Time In 3 Months In April

UK house prices declined 3.1 percent in April from March, when they rose 1.6 percent, reflecting the volatility in the short term monthly measure, data from the Lloyds bank subsidiary Halifax and IHS Markit showed Tuesday. Prices were forecast to fall marginally by 0.2 percent in April. This was the first decrease in three months. On a yearly basis, house prices rose 2.2 percent in three months to April after increasing 2.7 percent in three months to March.