House prices have seen “next to no movement” over the past year, standing at just 0.8 per cent higher annually in January ANDREW MATTHEWS/PAThe average price of a house dropped by a bigger than expected £7,000 last month, according to Halifax data that suggests no-deal Brexit nerves might be dampening the market further. Halifax’s best estimate of average prices fell by 2.9 per cent in January, from £230,430 to £223,691, reversing a 2.5 per cent rise in December. The survey, which has been running since 1983, is based on seasonally adjusted data and the prices of homes bought by Halifax and Lloyds customers. Britain’s biggest mortgage-lender played down the significance of the number, saying monthly figures were very volatile, but its more reliable quarter on quarter data also pointed to falling home values. On an annual basis, prices were 0.8 per cent higher in the three months to…

Source: The Times February 07, 2019 17:03 UTC