UK Housing: The Beginning Of The End?
UK house prices rose 1.9% during January according to the Halifax. Is it the beginning of the end of the downturn, or merely the end of the beginning? Who can tell, certainly the information contradicts Nationwide's survey last week that said prices fell 1.3% in January.
If the Halifax are right, it ends an 11-consecutive month losing run for house prices.
The news brought some cheer to the pound ahead of an anticipated BOE rate cut later today that some analysts are calling "pointless".
If the Halifax are right, it ends an 11-consecutive month losing run for house prices.
The news brought some cheer to the pound ahead of an anticipated BOE rate cut later today that some analysts are calling "pointless".
