UK house prices rise less than expected in January

Alex Kerr, UK economist at the consultancy Capital Economics, said the slowdown in price growth was “not too surprising” given the rise in mortgage rates at the end of last year. “We doubt that price...

The slower than expected house price growth was “not too surprising given the rise in quoted mortgage rates at the end of last year”, said Alex Kerr, economist at the consultancy Capital Economics.

Alex Kerr, UK economist at the consultancy Capital Economics, said: “Against a backdrop of slowing GDP growth and high interest rates, December’s overshoot in borrowing is further disappointing news...