UK housing prices are lowered in February with the end of the holiday with the coat of arms, Galifax says

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In February, housing prices in the UK unexpectedly dropped because, according to the results, according to the mortgage lender, Halifax.

The average price for a home in the UK decreased by 0.1 percent from January to 298 602 pounds, Galifax said. The average price increased every year at 2.9 percent, the same speed as in January.

Price changes were below the forecasts. Economists surveyed by Reuters predicted 0.3 percent per month by 3.1 percent of the annual growth.

Amanda Braiden, head of the mortgage in Halifax, said the figures showed a “gentle balance” on the UK House market, noting that the impact on the holiday with the stamp that prompted the sale. Now there is little time left in April to fill the purchases before tax.

But she said that the sustainable demand and prolonged housing deficit suggested that “property prices would continue to rise this year, albeit at a more measured pace compared to last year,” although higher interest rates have reached accessibility to many people.

On Friday, the figures contrast with data last week from a mortgage across the country, showing that the average housing price rose more than expected in February, a monthly rate of 0.4 percent.

When the holiday with the coat of arms ends next month, buyers will first start paying a shopping fee of £ 300,000, not £ 425,000.

The current holiday with the coat of arms was announced in September 2022, when the mortgage rates grow rapidly and remain in place until March 31.