Friday 24 February 2017

After months of falling prices UK housing market finally begins to rise

HOUSE prices rose in Britain last month.

UK prices rose by 0.6pc in January, almost completely reversing the previous month's decline, data from Halifax showed yesterday.

House prices fell by -1.8pc in the three months to January compared with a year ago, taking the average price of a home to £160,907 (€194,177). "The continuing very low level of interest rates has helped to support housing demand, resulting in little overall movement in house prices since last spring," said housing economist Martin Ellis.

Irish Independent

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