European markets opened lower Thursday with investors looking ahead to data releases including euro zone revised second quarter GDP figures.
House prices were 4.6% lower year-on-year, the biggest drop since 2009, largely due to the record high property prices seen in summer 2022 — though the average price is still £40,000 above its pre-pandemic level.
"It's fair to say that house prices have proven more resilient than expected so far this year, despite higher interest rates weighing on buyer demand," said Kim Kinnaird, director at Halifax Mortgages. "However, there is always a lag-effect where rate increases are concerned, and we may now be seeing a greater impact from higher mortgage costs flowing through to house prices."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European markets head for lower open as investors focus on euro zone economic dataEuropean markets are heading for a lower open Thursday with investors looking ahead to data releases including euro zone revised second quarter GDP figures.
Read more »
European stocks head for lower open as investors focus on oil market movesEuropean stocks are heading for a lower open as investors focus on the latest oil market action after Saudi Arabia and Russia extended oil production cuts.
Read more »
European stock futures lower; weak German factory orders add to economic woe By Investing.comEuropean stock futures lower; weak German factory orders add to economic woe
Read more »
Stock market today: European shares lower after mixed Asian trading as China property shares soarShares opened mostly lower in Europe and Asian shares were mixed as Chinese stocks were lifted by hopes for further support for the country's faltering property market.
Read more »
Stock market today: European shares lower after mixed Asian trading as China property shares soarShares opened mostly lower in Europe and Asian shares were mixed as Chinese stocks were lifted by hopes for further support for the country's faltering property market.
Read more »
European stocks lower; weak German factory orders weigh By Investing.comEuropean stocks lower; weak German factory orders weigh
Read more »