House prices fall again in February
Share
Halifax’s latest house price index shows the value of homes fell 0.9% in February, on the back of a 0.8% fall in prices in January.
Year-on-year house prices have currently fallen 2.8% but Halifax says that it currently predicts a modest house price fall of 2% for the year.
Martin Ellis, housing economist at Halifax, says: “Uncertainty over the economic outlook is likely to weigh down on housing demand this year.
“Fewer properties have been coming onto the market in recent months. This trend, if sustained, should improve the balance between demand and supply and help to prevent a more significant fall in house prices.”
If you enjoyed this article, sign up here to receive daily email updates from Mortgage Strategy and Follow @mortgagestrat
