UK house price growth to slow in 2017

10th February 2017

Annual growth in house prices slowed in January and the trend is expected to continue throughout 2017, according to the Halifax, which said that property prices rose by 5.7% in the year to the end of January, slower than the 6.5% annual growth seen the previous month, leaving the typical home valued at £220,260. It noted that prices fell 0.9% in January – a dip of £2,000 – compared to December’s 1.6% increase. Martin Ellis, Halifax’s housing economist, said that the annual rate of growth remained "robust" due to an "ongoing shortage of property for sale, low levels of housebuilding, and exceptionally low interest rates."

The Daily Telegraph (07/02/2017)