UK house prices rose 0.3 percent in February says Halifax
British house prices increased by 0.3 percent in February, bringing the annual growth rate to 1.3 percent. The figures from Halifax met economist expectations.
Residential property values in the United Kingdom recorded a modest increase during February, according to data released on Friday by mortgage lender Halifax. The 0.3% monthly rise indicates a steadying market, leaving property prices 1.3% higher than they were during the same period last year. The reported figures largely mirrored the expectations of market experts. Economists polled by Reuters had anticipated a 0.3% monthly gain, though the annual growth of 1.3% exceeded the consensus forecast of 0.9%. This data suggests a slightly more resilient pricing environment than many analysts had initially predicted for the start of the year.
