UK house prices decline for first time in seven years

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By Leith van Onselen

Acadata has released its latest house price results for the UK, which shows that house prices are now falling in annual terms for the first time since February 2012:

As shown above, house prices were down by 0.5% across the UK in the year to February, and down by 1.5% across Greater London.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.