House prices in the U.K. fall 0.9% in September

Market news

6 October 2015

House prices in the U.K. fall 0.9% in September

Halifax released its house prices data for the U.K. on Tuesday. House prices in the U.K. decreased 0.9% in September, after a 2.7% rise in August.

On a yearly basis, house prices climbed 8.6% in the three months to September, after a 9.0% increase in the three months to August.

"Housing demand has been strengthening recently, underpinned by economic growth, rising real earnings and very low mortgage rates. Increasing demand is combining with very low supply to drive robust underlying house price growth," Halifax's housing economist Martin Ellis said.

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