UK house prices rise 1.3 percent as inflation fears loom
Halifax reported that annual house price growth hit 1.3 percent in February. Rising inflation and higher interest rates may weigh on future market momentum.
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House prices in the United Kingdom climbed at their fastest annual rate since October in February, according to mortgage lender Halifax. While the figures suggest a recovery in market momentum, the outlook is increasingly tempered by fears that persistent inflation and geopolitical tensions may delay anticipated interest rate cuts.
Halifax reported that house prices rose 1.3% in the 12 months to February, outperforming the 0.9% growth forecast by economists. On a monthly basis, prices grew by 0.3%, matching expectations but marking a slowdown from the 0.8% increase seen in January.
