UK house price indicator -1.7% in December (vs. -1.4% expected)

Data via property website Rightmove in the UK

• Average asking prices for
  newly listed houses and apartments fell by 1.7% in
  December m/m
• +1.4% y/y

The report does note though that activity was robust for the time of year as movers
aimed to complete sales before property purchase taxes rise in
April:

• The stamp duty changes are a cloud over the market at the
  moment, with some groups much more impacted than others, and
  therefore keen to avoid the additional charges

This article was written by Eamonn Sheridan at www.forexlive.com.