UK house prices ticked higher in January, partially reversing the December fall that was triggered by uncertainty around potential changes to property taxes in the autumn Budget.
House prices rose 0.3 per cent month on month in January, according to lender Nationwide, after a 0.4 per cent fall registered in the previous month. Compared with the same month last year, house prices were up 1 per cent in January to an average of £270,873.
The monthly increase was in line with analysts’ expectations.
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