UK data - House prices from Rightmove for January: +0.4% m/m (prior -1.5%)

Author: Eamonn Sheridan | Category: News

What's this then, a non-Brexit UK-related post. What the???? 

Yes, its the Rightmove house price data for January:
0.4 % m/m
  • weakest January rise since 2012 
  • prior -1.5%
0.4 % y/y
  • prior +0.7%
More (comments via Reuters)):
  • "Given the current market backdrop and ongoing political turmoil, it's not surprising that the more challenging conditions in London and nearby regions mean they have had a slower start to the year," Rightmove director Miles Shipside
  • Rightmove said potential buyers were tuning out the political noise and the number of people viewing property on its website in the first half of January was up 5 percent from 2018. 
  • "Mass-market home-movers have a track-record of ignoring the politics and continuing to satisfy their housing needs, and as long as these fundamentals remain in place through this period of uncertainty, the market will keep moving," Shipside said.

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