Free Trial

House Price Inflation At 6-Yr Low; London...>

UK DATA
UK DATA: House Price Inflation At 6-Yr Low; London Prices Slump
-UK Feb House Price Index +0.6% y/y, smallest rise since Sept 2012
-UK Feb London HPI -3.8% y/y, biggest fall since August 2009
------------------------------------------------------------------------
London prices have not recorded an increase for the past 12 months, 
falling by a cumulative 5.9% from the recent peak in July of 2017.  
London prices have not endured such a long stretch of weakness since the 
financial crisis, when prices plunged by 17.8% between January 2008 and 
April 2009. House prices in the southeast of the country retreated by an 
annual rate of 1.8% in February, the first fall since October of 2011.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.