UK house prices slowed sharply in May

Ashley Webb, senior UK economist at Capital Economics, said the figures showed that the “leap in mortgage rates” since the start of the Iran war had dented the market, underlining the weakness that...

Ashley Webb, senior UK economist at Capital Economics, said: “[The fall] provides further evidence that the leap in mortgage rates since the start of the Iran war is denting house price growth.”

Ashley Webb, a UK economist at Capital Economics, said the Halifax data suggested that “the housing market has been less resilient to the jump in mortgage rates triggered by the Iran war than the...