House prices stay stable in January fall

House prices were steady in January, according to the country’s biggest mortgage lender, a sign of possible stabilisation in the housing market.

Analysts had expected the Halifax house price survey to show a drop in house prices following three consecutive falls, but there was little movement in the market.

While the Halifax survey suggests the housing market is stabilising, other reviews of the market show further cooling. For example, figures from the Nationwide revealed that house prices fell by 0.1% in January, the third successive monthly decline.

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