Halifax index shows property values plunged 3.1% in April Less volatile three-month measure also shows a decline
U.K. home prices plunged the most in almost eight years in April, adding to signs of weakness in Britain’s property market.
Values dropped 3.1 percent from March to an average 220,962 pounds ($299,140), mortgage lender Halifax said in a report Tuesday. That’s the biggest drop since September 2010. While that figure can be volatile, the quarterly measure also showed a decline. It fell 0.1 percent, a third straight drop.
Britain’s housing market has been cooling for the past two years, with London seeing the sharpest slowdown. Monthly mortgage approvals have slipped and reports point to waning interest from

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