Halifax released its house prices data for the U.K. on Thursday. House prices in the U.K. slid 1.4% in February, missing expectations for a flat reading, after a 1.7% gain in January.
On a yearly basis, house prices climbed 9.7% in the three months to February, missing expectations for a 10.4% rise, after a 9.7% increase in the three months to January.
"Prices continue to rise at a robust pace driven by a significant imbalance between supply and demand. Whilst this position is likely to continue over the coming months, there are some tentative signs that the supply situation may be beginning to improve," Halifax's housing economist Martin Ellis said.