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UK August Halifax house prices -1.9% vs -0.3% m/m expected

Prior -0.3%; revised to -0.4%House prices -4.6% y/yPrior -2.4%; revised to -2.5%The monthly drop in UK house prices is the steepest since last November, with the average home now costing £279,569, down by around £5,000 since July. Halifax notes that:“It’s fair to say that house prices have proven more resilient than expected so far this year, despite higher interest rates weighing on buyer demand. However, there is always a lag-effect where rate increases are concerned, and we may now be seeing... Read More

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August

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Posted: Sep 7 2023, 06:00

Author Name: forexlive

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