UK Annual House Price Growth Slows to New Three-Year Low

British house prices rose at their slowest pace in more than three years in the three months to September, figures from mortgage lender Halifax showed, adding to signs of a slowdown in the housing market after Britain’s Brexit vote in June.

The increase in prices slowed to 5.8 percent from 6.9 percent in the three months to August, Halifax, part of Lloyds Banking Group, said on Friday.

In monthly terms, prices rose by 0.1 percent from August, the first increase since June

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
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 Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. 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.