UK Housing Market Dips in September But Remains Robust

The housing market will remain “robust” in the coming months despite property prices dipping slightly in September, Halifax has reported.

A 0.9% monthly fall in property values last month took the typical price of a home to £202,859 – which is still 8.6% higher than a year ago.

Halifax said that monthly price movements can be volatile and quarterly changes can often be a more reliable indicator of the underlying direction of the housing market.

On a quarterly basis, house prices between July and September were 2% higher than during the previous three months.

Via The Guardian

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza