Thursday, 9 February 2017

UK House Prices Fell 0.9% In January

UK house prices declined by 0.9% from a month earlier in January, a survey released by Halifax has shown. The change means the average price of a house in Britain is now £220,260 ($272,562). House prices in the three months to January period were 5.7% higher than in the same period a year ago, down from the 6.5% growth recorded in December. Halifax said demand for housing is likely to remain strong through the coming year but listed weaker economic growth and an expected drop in spending power as downside risks. Read more on the IBT website.

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