8 January 2025

© Reuters. FILE PHOTO: A rainbow appears over flats in Wandsworth on Thames as UK house prices continue to fall, in London, Britain, August 26, 2023. REUTERS/Kevin Coombs/File Photo

LONDON (Reuters) – British house prices unexpectedly fell last month for the first time since March even though they ended the year higher than they were in December 2023, figures from Halifax Mortgage Bank showed on Tuesday.

Halifax said house prices fell 0.2% in December after rising 1.2% in November, and were 3.3% higher year-on-year, less than economists polled by Reuters expected a 4.2% rise.

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