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UK House Prices Fall in September – Halifax

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British house prices fell by 0.9 percent in September from August when prices showed a surprisingly strong leap, mortgage lender Halifax said on Tuesday.

In year-on-year terms, price growth slowed to 8.6 percent in the three months to September, down from 9.0 percent.

Economists taking part in a Reuters poll had expected prices to rise by a monthly 0.1 percent in September to take the annual increase to 9.0 percent.

The Halifax survey contrasted with another measure of British house prices, compiled by rival mortgage lender Nationwide, which found prices rose more quickly in September than in August.

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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