RSS UK house price indicator -1.7% in December (vs. -1.4% expected)

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 RSS UK house price indicator -1.7% in December (vs. -1.4% expected)

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Data via property website Rightmove in the UK

  • Average asking prices for newly listed houses and apartments fell by 1.7% in December m/m
  • +1.4% y/y

The report does note though that activity was robust for the time of year as movers aimed to complete sales before property purchase taxes rise in April:

  • The stamp duty changes are a cloud over the market at the moment, with some groups much more impacted than others, and therefore keen to avoid the additional charges
This article was written by Eamonn Sheridan at www.forexlive.com.
 
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