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UK house prices fell for the first time since June 2009 due to the end of stamp duty relief, icy weather and more properties being put up for sale, according to Halifax.
House prices rose by 2.9% in 2009 and 0.8% in December, according to the latest Government figures.
Rightmove expects three further months of falls in asking prices following its latest index recording a 1.6% fall in November.
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The average house price fell a fraction in February compared with the previous month, according to figures issued by the government, despite a continuing climb in the value of annual house price inflation.
An increase in house prices last month following successive declines over both May and June is typical of a stable market, claims the Halifax.
The mix-adjusted average house price stood at £183,224 in February, down from £185,404 in January, according to the latest figures from the Office of the Deputy Prime Minister (ODPM).
Abbey Financial Markets and Capita Financial Managers have launched the UK's first open-ended residential property derivatives investment fund.
House prices climbed again in January in comparison to the end of last year, but the average price of a UK property continued to fall a fraction, says Nationwide.
Buying a house in Britain cost less in November 2004 than in October, according to the latest statistics from the Office of the Deputy Prime Minister, as the average property value fell to 180,226 in November.
House prices are predicted to rise by only 2% in 2005, says Nationwide, suggesting a significant slowdown in the housing market is on its way.
House prices continue to rise although there appears to be a check in pace, according to the latest Halifax house price index.
The Bank of England’s base interest rate is likely to be increased tomorrow, suggests Halifax’s monthly update, as house prices rose confidently again in April and there are no signs of a slowdown in the residential property market.
Property prices are seeing a resurgence and are now expected to rise an average 15% this year or at least 10% in the capital, suggests the latest house price update from Nationwide.
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