UK House Price Growth

Britain's housing market gained some momentum last year on hopes that borrowing costs would continue their fall although slower-than-expected rate cuts sapped some demand

RICS' monthly house price gauge jumped to +25 in November from +16 in October, its highest level since September 2022. A Reuters poll of economists had pointed to a reading of +19

The Bank of England raised interest rates to a 15-year high of 5.25 per cent in August 2023 and started to cut them in August this year followed by a further reduction to 4.75 per cent this month

Shares of REA dropped 5.3 per cent in Sydney, the most since December 2022, on Monday amid concerns that it may have to issue stock to fund a deal

Public survey conducted by YouGov shows that the Opposition Labour Party is heading towards a landslide victory

In London, house prices plunged by 3.8 percent on the year -- the biggest drop since mid-2009

But, price increases are likely to slow in 2017