British house prices climbed at the start of the year, after declining in the previous two months, the latest house price balance from property tracking website Rightmove showed on Monday.
The house price index rose slightly by 0.5 percent month-over-month in January, in contrast to a 1.1 percent decrease in December.
“With their asking prices pretty much the same as a month ago, perhaps the knock-on effects of the more punitive landlord tax regime have arrived early and they now face a dilemma over whether to buy now or wait to see if prices drop in this sector over the next few months,” Miles Shipside, co-founder of Rightmove, said.
On an annual basis, house prices house prices grew at a slower pace of 6.5 percent in January, following a 7.4 percent surge in the prior month.
The material has been provided by InstaForex Company – www.instaforex.com