UK house prices fall in January as Brexit puts off buyers

Biggest monthly drop since April comes while annual growth slows to 0.8% – Halifax

House prices in the UK fell 2.9% in January from December and the annual growth rate slowed sharply as Brexit fears put off buyers, according to Halifax, one of Britain’s biggest mortgage lenders.

Halifax said the monthly drop took the average house price down to £223,691 and came after a 2.5% rise in December. It is the biggest monthly drop since last April, when prices declined 3.1%. Analysts cautioned that the monthly house price changes tend to be volatile.

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from Property | The Guardian http://bit.ly/2Sdbmop
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