• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Currency Pairs
  • Charts
    • Candlesticks
  • Trading Strategies
    • Day Trading
    • Swing Trading
    • Scalping
  • Technical Analysis
  • Fundamental Analysis

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Welcome
  • Forex Glossary
  • Forex Basics
    • Trading Tips
  • Forex Brokers
    • Best Forex Brokers
    • All Forex Brokers Reviews
  • Forex Robots
    • Best Forex Robots
    • All Forex Robots Reviews
    • All Forex Signals Reviews
  • Forex News
  • Mustreads
  • CONTACT US

U.K House Prices End 2020 6.0% Higher than Last Year amid Slowdowns

January 13, 2021 by Forex Winner Leave a Comment

U.K House Prices End 2020 6.0% Higher than Last Year amid Slowdowns

U.K average house prices were £253,374 in December, 6.0% higher than in the same month a year earlier, according to Halifax press release. The monthly house prices rose only 0.2% from November despite the October-December quarter having a 2.6% growth from the preceding three months. 

U.K House Prices End 2020 6.0% Higher than Last Year amid Slowdowns
  • December’s rise in average house prices stretches the current run of continuous gains to six months.
  • The 0.2% rise in house prices in December was the slowest seen in the last six months and significantly down on the 1.0% increase in  November.
  • During the first half of the year, house prices fell 0.5% due to the restrictions brought about by the COVID-19 pandemic.
  • Housing prices rose during the second half of the year due to pent-up demand, a higher desire by buyers for greater space, and the time-limited incentive of the stamp duty holiday.
  • Mortgage approvals remain at a 13-year high, which could add residual strength in the market to sustain prices up to the stamp duty holiday deadline at the end of March.
  • Downward pressure on housing prices could, nonetheless, be brought by renewed national lockdowns and rising unemployment in the coming months.

U.K stocks and the pound are currently gaining. FTSE 100 is up 0.24%, GBPUSD is up 0.15%

Filed Under: Forex News Tagged With: House Prices, UK

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

− six = two

Primary Sidebar

Latest News

U.S Existing Home Sales Gained 0.7% in December, 2020 Sales Highest Since 2006

U.S Existing Home Sales Gained 0.7% in December, 2020 Sales Highest Since 2006

January 22, 2021

U.K Private Sector Output hits Steepest Fall Since May, Enters Contraction Zone

U.K Private Sector Output hits Steepest Fall Since May, Enters Contraction Zone

January 22, 2021

Eurozone Economy Experiences Record Drop in Early 2021

Eurozone Economy Experiences Record Drop in Early 2021

January 22, 2021

Reviews

IG Group

IG Review

Review by Forex Winner
May 20, 2020

Pepperstone

Pepperstone Review

Review by Forex Winner
May 19, 2020

Darwinex

Darwinex Review

Review by Forex Winner
May 14, 2020

Best Forex Robots

  1. ROFX 10
  2. Forex Fury 7.7
  3. Gump EA 6.4
  4. Forex inControl Reborn 6.0
  5. Forex Robotron 6.0

Best Forex Brokers

  1. IG 9.2
  2. Pepperstone 9.0
  3. AvaTrade 8.8
  4. Forex.com 8.4
  5. Darwinex 8.2

Footer

Latest Forex Brokers

Darwinex

Darwinex Review

May 14, 2020 By Forex Winner

tastyworks

tastyworks

April 28, 2020 By Forex Winner

FxPro

FxPro Review

March 20, 2020 By Forex Winner

Latest forex robots

StrategyQuant X

StrategyQuant X Review

January 21, 2021 By Forex Winner

Siphon-X

Siphon-X Review

January 19, 2021 By Forex Winner

Screti Forex Robot

Screti Forex Robot Review

January 18, 2021 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive email updates daily and to hear what's going on with us!

Copyright © 2021 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure