UK January Halifax house prices +0.7% vs +0.2% m/m expected

• Prior -0.2%

With the increase in January, the average property price in the UK moves up to a new record high of £299,138. Halifax notes that “affordability is still a challenge for many would-be buyers, but the market’s resilience is noteworthy”. On an annual basis though, house price growth slowed to +3.0%, the slowest rate since July last year.

This article was written by Justin Low at www.forexlive.com.