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UK house prices rise in January but activity drops off

By   || February 9, 2010 at 01:03 GMT
|| 2 comments || Add comment

The latest RICS data shows that more real estate professionals reported a rise in house prices, 32% up from 30%, but activity in the housing market was off probably due to the very cold weather.

GBP has been mixed so far today, up a bit down a bit, but I suspect that the poor retail sales figures might have more impact once London opens. Maybe a long EUR/GBP trade might be a good short term play as the daily chart looks to be bottoming out.

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2 Responses to “UK house prices rise in January but activity drops off”

  1. thomasio on February 9th, 2010 01:07 GMT

    UJ looks to be holding up quite well; am also seeing some bigger volumes there that look like buying, all seemingly keeping GY up; almost as if BOJ is up to something …

  2. hsbc on February 9th, 2010 01:26 GMT

    wouldnt a lower gbp spur more foreigners to come to uk to buy properties?

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