Pandemic buying boom fuelled by stamp duty holiday loses momentum
House prices in the UK suffered their biggest fall since April as the pandemic homebuying boom fuelled by the government’s stamp duty holiday loses momentum, according to Britain’s biggest mortgage lender.
Halifax said UK house prices fell 0.3% month on month in January to an average of £252,000, the biggest drop since a 0.6% decline last April at the beginning of Covid-19 crisis. The fall ends a seventh-month streak of house price growth dating back to May, when the average UK house price declined by 0.2%.
