View more on these topics

January house prices down 1.8% year-on-year, says Halifax

House prices increased by 0.6 per cent between December and January but are still 1.8 per cent lower year-on-year, according to the latest house price index from Halifax.

The average UK house price was £160,907 in January, representing a quarterly fall of 0.9 per cent.

Halifax housing economist Martin Ellis says: “Notwithstanding monthly fluctuations, the average UK house price is very close to where it was eight months’ ago, at around £161,000.

“The continuing very low level of interest rates has helped to support housing demand, resulting in little overall movement in house prices since last spring.”

He adds that a recent improvement in employment trends has also helped to support demand, and if the UK can avoid a prolonged recession house prices should be broadly stable in 2012.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm