Did the UK house prices fall for the second month in a row during February 2021?

According to the mortgage lender Halifax, the UK house prices had dropped consecutively for January 2021 and February 2021 during the national lockdown. The house prices fell by around 0.1% during February 2021 after witnessing a drop of 0.4% in January 2021. The house prices in annual terms surged by 5.2% during February 2021, following a growth of 5.4% in January 2021.

Moreover, Homebuyers had boosted the housing price during the second half of 2020, driven by the UK government announcement of a stamp duty holiday. Many industry experts believed that the pandemic is driven sales would slow down after the scheduled expiry of the stamp duty holiday, which was 31 March 2021.

 


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