British house prices experienced an unexpected dip last month, marking their first decline since March. Despite the monthly drop, prices ended the year higher compared to December 2023,
according to data released on Tuesday by mortgage lender Halifax.
Halifax reported a 0.2% decrease in house prices for December, following a 1.2% increase in November. On an annual basis, house prices were up by 3.3%, falling short of the 4.2% increase predicted by economists in a Reuters poll.