India, April 7 -- UK house prices dropped for the second straight month in March as stamp duty holiday ended amid weaker economic outlook, mortgage lender Halifax said Monday.
House prices slid unexpectedly by 0.5 percent month-on-month, bigger than February's 0.2 percent drop. This was the second consecutive decline. Prices were forecast to climb 0.2 percent.
On a yearly basis, growth in house prices remained at 2.8 percent in January. Average property price cost GBP 296,699 compared to GBP 298,274 in previous month.
Halifax Head of Mortgages Amanda Bryden said with the deals entered in January ahead of the March stamp duty deadline completed, demand is returning to normal and new applications slowing.
Bryden observed that potential bu...