By Gokhan Ergocun
ISTANBUL (AA) - House prices in the UK fell 0.1% month-on-month in February, after rising 0.6% in January, mortgage lender Halifax released on Friday.
The average property price reached £298,602 (some $385,205) in January, down from £298,815 the previous month, a press release said.
Meanwhile, house prices climbed 2.9% on a yearly basis in the first month of 2025.
Amanda Bryden, head of mortgages at Halifax, said the February figures highlight the delicate balance within the UK housing market.
"While there’s been talk of a last-minute rush on new mortgages ahead of the changes to stamp duty, inevitably we’ve seen some of the demand that was brought forward start to fade as the April deadline ticks closer, given the time needed to complete a purchase."
While house price growth has slowed overall, market activity remains strong and comparable to pre-pandemic levels, showing a resilience amongst buyers that’s been evident in the face of higher borrowing costs, she added.