U.K. house prices increased in January as low borrowing costs and improving consumer sentiment boosted demand, mortgage lender Halifax said.
U.K. house prices slipped in January, according to Halifax, which said the outlook for the property market remains unclear.
U.K. house prices rose for a 10th month in November as the supply of properties for sale failed to keep pace with demand, Halifax said.
U.K. house prices unexpectedly rose in January as fewer homeowners put their properties up for sale, squeezing supply, according to a report from Halifax.
U.K. house prices increased in October for the first time in three months, according to Halifax, continuing what it said is a “highly mixed” picture of the property market.
U.K. house prices rose 0.1 percent in May, failing to bounce back from the biggest drop in seven months in April, according to Halifax.
"Receding buyer interest combined with a revival in private housing completions has brought supply and demand into better balance."
- Martin Ellis on Dec 04, 2014