UK House Prices in January

British house prices suffered their first fall in monthly terms since shortly after June’s Brexit vote, mortgage lender Halifax said on Tuesday, a latest sign of a slowing in the housing market.

House prices fell 0.9 percent in January alone after a 1.6 percent surge in December. A Reuters poll of economists had pointed to house prices remaining flat on the month.

It was the first fall since August of last year.

Reuters

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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam