January's decline in UK house prices was the fourth drop in a row and twice the size expected in a Reuters poll of economists, adding to signs that the market is slowing sharply.
British house prices dropped by a bigger-than-expected 0.6% in January and are now 3.2% below their peak in August.
January's decline in house prices was the fourth drop in a row and twice the size expected in a Reuters poll of economists, adding to signs that the market is slowing sharply. "There are some encouraging signs that mortgage rates are normalising, but it is too early to tell whether activity in the housing market has started to recover," Nationwide chief economist Robert Gardner said.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nationwide host Anne Cassin makes surprising revelation about the showNationwide host Anne Cassin makes surprising revelation about the show when she first joined
Read more »
Innovation Exchange to go nationwideInnovation Exchange to go nationwide via IrishTimesBiz
Read more »
Councils seek €40 million to help beef up staffing in planning departments nationwideLocal authorities have sought an extra €40 million to help boost the staffing levels at planning departments across the country
Read more »
January 30: Today’s top stories in 60 seconds | IMAGE.ieFrom a mass shooting in South Africa to a stabbing incident in Dublin over the weekend, here's the January 30 news bulletin.
Read more »
Ten mini breaks to banish those January bluesA few days away at one of Ireland’s top destinations can work wonders for getting rid of weather-related weariness. We’ve also some great suggestions for those who are seeking the sun – so get packing.
Read more »
January 31: Today’s top stories in 60 seconds | IMAGE.ieFrom childminding subsidies to a concert remembering the victims of the Creeslough tragedy, here's the January 31 news bulletin.
Read more »