British house prices dropped for the second successive month in December, the latest house price balance from property tracking website Rightmove showed on Monday.
The house price index fell 1.1 percent month-over-month in December, which was the smallest decrease since 2006. In November, prices had fallen 1.3 percent.
“Whilst a fall is the norm at this time of year, this is December’s best post-financial-crash performance, signalling another round of price rises in 2016,” Miles Shipside, director of Rightmove, said.
On an annual basis, house prices grew 7.4 percent in December, faster than the 6.2 percent increase in the preceding month.
The material has been provided by InstaForex Company – www.instaforex.com