UK February Halifax house prices -0.1% vs +0.3% m/m expected

• Prior +0.7%

Slight delay in the release by the source. The average property price in the UK drops slightly to £298,602 though the annual growth is still at +2.9%, unchanged from January. Halifax notes that:

“February’s figures highlight the delicate balance within the UK housing market. While there’s been
talk of a last minute rush on new mortgages ahead of the changes to stamp duty, inevitably we’ve
seen some of the demand that was brought forward start to fade as the April deadline ticks closer,
given the time needed to complete a purchase.”

This article was written by Justin Low at www.forexlive.com.