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4 Feb 2016
UK Halifax house prices rose 1.7 percent in January
FXStreet - Halifax house prices rose 1.7 percent in January, lower than 2 per cent seen previously.
According to the lender Halifax, UK house prices rose by 9.5% in 2015. This was its fastest annual increase in nine years.Halifax's housing economist, Martin Ellis, pointed out that the reason for the sharp increase in prices in 2015 was the continuing shortage of property for sale."This situation is unlikely to change significantly in the short term, resulting in continuing upward pressure on prices," he said. The last time UK house prices rose so quickly was in 2006, when values soared by 9.9%.
According to the lender Halifax, UK house prices rose by 9.5% in 2015. This was its fastest annual increase in nine years.Halifax's housing economist, Martin Ellis, pointed out that the reason for the sharp increase in prices in 2015 was the continuing shortage of property for sale."This situation is unlikely to change significantly in the short term, resulting in continuing upward pressure on prices," he said. The last time UK house prices rose so quickly was in 2006, when values soared by 9.9%.