Halifax: UK house prices fall in February

Latest index reveals monthly house prices fell for first time since October 2014.

House prices fell 0.3% between January and February, according to the latest Halifax House Price Index.

It's the first monthly fall recorded since last October, and followed a 1.9% increase between December and January.

As a result, annual house price growth fell from 8.5% in January to 8.3%.

Halifax says the cost of a home in the UK is now £192,372.

House price changes

Here’s how house prices have changed over the last year according to the Halifax House Price Index.

Month/year	Average house price	Monthly change	Quarterly change	Annual change
February 2014	£180,439	2.6%	2.4%	7.9%
March 2014	£177,996	-1.4%	2.2%	8.7%
April 2014	£177,524	-0.3%	2.2%	8.5%
May 2014	£184,566	4%	1.8%	8.7%
June 2014	£183,825	-0.4%	2.3%	8.8%
July 2014	£186,073	1.2%	3.5%	10.2%
August 2014	£186,101	0%	2.9%	9.7%
September 2014	£186,898	0.4%	2.7%	9.6%
October 2014	£186,223	-0.4%	0.9%	8.8%
November 2014	£187,197	0.5%	0.8%	8.1%
December 2014	£189,304	1.1%	0.3%	7.8%
January 2015	£192,954	1.9%	1.8%	8.5%
February 2015	£192,372	-0.3%	2.6%	8.3%

Source: Halifax

Halifax pointed out that house price growth is picking significantly when looked at by quarter, and put this down to increased demand as a result of wage rises, further falls in mortgage rates and Stamp Duty changes.

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