House Prices Show Surprise Spike

House prices showed their biggest monthly jump since at least the 1980s in February, leaping by 5.9 percent from January, data from mortgage lender Halifax shows.  But economists said the monthly index was volatile and Brexit uncertainty was still probably weighing on the market. In annual terms, prices were up by 2.8 percent in the three months to February, the lender said, the biggest rise by that measure since August 2018. A Reuters poll of economists had pointed to a 0.1 percent increase on the month and a 1.0 percent annual rise in prices. Read more on the Reuters website.

https://uk.reuters.com/article/uk-britain-houseprices-halifax/uk-house-prices-show-surprise-spike-higher-in-february-halifax-idUKKCN1QO0UZ