LONDON Feb 7 British house prices suffered
their first fall in monthly terms since shortly after June's
Brexit vote, mortgage lender Halifax said on Tuesday, a latest
sign of a slowing in the housing market.
House prices fell 0.9 percent in January alone after a 1.6
percent surge in December. A Reuters poll of economists had
pointed to house prices remaining flat on the month.
It was the first fall since August of last year.
Annual house price growth cooled to 5.7 percent, down from
6.5 percent in December and again weaker than the Reuters poll
Halifax said house prices would continue to be supported by
a shortage of properties for sale and low levels of house
building, but also dampened by weaker economic growth and
increasing pressure on spending power.
Last week rival mortgage lender Nationwide said British
house prices rose at their slowest annual rate in more than a
year last month.
(Reporting by Andy Bruce; Editing by William Schomberg)