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3/5, 9:30 AM (Source: TeleTrader)
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UK house prices slide 0.1% in February

House prices in the United Kingdom decreased by 0.1% in February compared with the month before, Halifax's House Price Index report showed on Friday.

On a yearly level, house prices gained 5.2%, the data revealed. The report added that the average UK property sold last month cost £251,697.

“The housing market has been at something of a crossroads at the start of this year, with upcoming events key to determining the path of activity and prices over the next few months. The government’s decision to extend the stamp duty holiday – one of the main drivers of demand from homemovers during the pandemic – has removed a great deal of uncertainty for buyers with transactions yet to complete," Halifax Managing Director Russell Galley stated.

Breaking the News / BU