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 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 slipped in January, according to Halifax, which said the outlook for the property market remains unclear.
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.
U.K. house prices climbed in October, erasing almost half of the record drop posted the previous month as the government readies the biggest spending cuts since World War II.
Britons’ confidence in the housing market fell in June compared with three months earlier as the outlook for the economy worsened, according to Halifax.
U.K. house prices were little changed in March as uncertainty about the strength of the recovery and a squeeze on incomes from accelerating inflation deterred buyers.
"Low interest rates and higher consumer confidence supported by the increasing evidence that a sustainable economic recovery may now be under way are helping to increase housing demand."
- Martin Ellis on Nov 06, 2013