UK home costs fall in March after 5 consecutive month-to-month will increase

Keep knowledgeable with free updatesSimply signal as much as the UK home costs myFT Digest — delivered on to your inbox.UK home costs fell 1 per cent in March from February, marking their first fall after 5 consecutive month-to-month rises and stunning economists who had anticipated a slight improve. Mortgage lender Halifax, which compiled the information, mentioned the autumn confirmed that rising borrowing prices “proceed to be a problem” to consumers and that costs had proven stunning resilience in earlier months.The typical value in March was 0.3 per cent greater than a 12 months earlier, a a lot smaller annual rise than the 1.45 per cent anticipated by economists polled by Reuters.In a be aware to shoppers, Capital Economics mentioned: “Trying forward, we count on mortgage charges to stay greater than in January and February and hover at slightly below 5 per cent over the approaching months, which is able to subdue demand and stop additional good points in home costs.”It is a creating story

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