British house prices fell in February, a leading survey showed on Tuesday, reversing most of the gains won the previous month.
House prices slid by 0.5 percent in February after gaining 0.6 percent in January, according to data from home-loans provider Halifax, which is part of state-rescued Lloyds Banking Group.
Halifax added that the average house price in Britain stood at £160,118 (192,180 euros, $252,504) in February, which was 1.9 percent lower than one year ago.
"Overall, prices nationally are at broadly the same level as last spring," Halifax housing economist Martin Ellis said in a statement.
"This stability in prices is explained by the fact that market conditions have changed very little over this period with demand supported by low interest rates and supply remaining tight.
"He added that the outlook remained clouded by any potential fallout arising from the eurozone sovereign debt crisis.
"Significant uncertainties ... persist and the prospects for house prices during 2012 will, to a large extent, depend on events in the eurozone and the potential knock-on effects on the UK," Ellis noted. - The Star
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