UK home costs dip for first time since March – Halifax

LONDON (Reuters) – British home costs dropped unexpectedly final month for the primary time since March though they completed the yr increased than in December 2023, figures from mortgage lender Halifax confirmed on Tuesday.

Halifax mentioned home costs fell 0.2% in December after a 1.2% rise in November, and have been 3.3% increased on the yr – decrease than the 4.2% rise forecast in a Reuters ballot of economists.