Halifax: House prices in the U.K. fall 0.8% in April
Halifax released its house prices data for the U.K. on Monday. House prices in the U.K. fell 0.8% in April, missing expectations for a 0.1% rise, after a 2.2% increase in March. March's figure was revised down from a 2.6% rise.
On a yearly basis, house prices jumped 9.2% in the three months to April, missing forecasts of a 9.6% gain, after a 10.1% increase in the three months to March.
"Current market conditions remain very tight as the severe imbalance between supply and demand persists. This situation, combined with low interest rates and rising employment and real earnings, should continue to push house prices up over the coming months," Halifax's housing economist Martin Ellis said.
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