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House prices dip 0.1% in February: Halifax
By Gary Adams 5
House prices dipped slightly in February, Halifax says, recording a 0.1 per cent fall.
On an annual basis, house prices grew 5.2 per cent, the lender adds, with the average house price coming to £251,697.
Quarterly, this equates to a 0.5 per cent change.
It has been a soft start to 2020, says Halifax managing director Russell Galley, and “the housing market has been at something of a crossroads.”
However, recent budget announcements, such as the extension to stamp duty and the mortgage guarantee scheme have “removed a great deal of uncertainty for buyers with transactions yet to complete”.
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