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.
UK house prices rose in March for the first time since November with prices up by 1.1% on February, leaving the average property price at a record high, Russell Galley, Managing Director at Halifax, the nation's largest mortgage lender said Friday.
Annual house price inflation rose 6.5%, while quarterly prices improved 0.3%, data published Friday showed. "Casting our minds back 12 months, few could have predicted quite how well the housing market would ride out the impact of the pandemic," he said
"The continuation of government support measures has been key in boosting confidence in the housing market," Galley noted. The elevated levels of activity are expected to be maintained in the coming months, but considering current levels of uncertainty and the possibility of higher unemployment, house price growth is forecast to ease by the end of the year, Galley added.
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.