UK December Halifax house prices -0.6% vs +0.2% m/m expected

• Prior 0.0%; revised to -0.1%
• House prices +0.3% vs +1.1% y/y expected
• Prior +0.7%; revised to +0.6%

UK house prices dropped unexpectedly at the end of last year but managed to still round off the year slightly higher compared to where it was in December the previous year. Overall, it’s much like what other housing indicators have shown for the UK market. And that can be summed up by one word: resilience.

There’s nothing here that will get BOE policymakers off their seats as their main conflict is still on inflation for the most part.

This article was written by Justin Low at investinglive.com.