UK House Prices Fall in September – Halifax

British house prices fell by 0.9 percent in September from August when prices showed a surprisingly strong leap, mortgage lender Halifax said on Tuesday.

In year-on-year terms, price growth slowed to 8.6 percent in the three months to September, down from 9.0 percent.

Economists taking part in a Reuters poll had expected prices to rise by a monthly 0.1 percent in September to take the annual increase to 9.0 percent.

The Halifax survey contrasted with another measure of British house prices, compiled by rival mortgage lender Nationwide, which found prices rose more quickly in September than in August.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.