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UK house prices unexpectedly dipped in February, because an uptick of property sales of a tax deduction is terminated, according to the lender of Lender Halifax.
The average price of the UK house fell 0.1 percent from January to £ 298,602, Halifax said. On annual basis, the average price rises at the rate of 2.9 per cent, the same rate in January.
Price changes are in low announcements. Economists sprayed by reuters have the forecast of 0.3 percent months of growing month and 3.1 percent annual increase.
Amanda Bryden, head of Halifax’s heads, said numbers showed a “good balance” to participate in a Statunation holiday on stamp. Now there is little time left to complete the purchases before taxes in April.
But she said that sustained demand and the continuing shortage of housing supply suggested that “Property prices will continue to rise this year, albeit and a more measured pace compared to last year” – Even though higher interest for many people.
Friday’s numbers are different from last week from the mortgage loan, indicating that the average price of the house is more than February, by monthly rate of 0.4 percent.
If the holiday holiday ends next month, buyers start the first time payment of the purchase of £ 300,000, instead of today 425,000 at the moment.
Current Statun Duty Holiday is announced on September 2022 if mortgage rates rapidly rises and remain area through March 31.