UK house prices surge unexpectedly in October: Halifax
[LONDON] British house prices surged unexpectedly in October, countering signs of a broad slowdown in the housing market over the last six months, a survey from mortgage lender Halifax showed on Monday.
House prices shot up 1.4 per cent in October compared with an upwardly revised 0.3 per cent increase in September. Economists polled by Reuters had expected only a 0.2 per cent rise.
In the three months to October, house prices were 5.2 per cent higher compared with the same period a year ago - again stronger than the Reuters poll consensus that pointed to 4.8 per cent rise.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit