UK Halifax House Prices (Feb. 2025)

The small 0.1% m/m fall in Halifax house prices in February is at odds with the 0.4% m/m rise in the Nationwide measure and suggests the recent rise in mortgage rates and/or the weakness in the wider economy is weighing on housing demand and prices a bit more than we previously thought. The recent slowdown in jobs growth may mean house price growth softens further over the coming months.

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