UK house price inflation eases sharply to 2.7% in December
The house price index rose 2.7 percent year-on-year following 3.9 percent increase in the previous month. The latest increase was the smallest since August, when prices grew 2.6 percent.
In the October-December quarter, house prices rose 1.3 percent from the previous three months ending September.
On a monthly basis, house prices fell 0.6 percent from November,when they rose 0.3 percent. The latest fall was the first since June.
The average price of a house was GBP 225,021 versus GBP 222,668 a year ago. ■