Wednesday, 7 March 2018

Rate of house price growth in UK lowest for 5 years, says Halifax

The rate of house price growth in the UK slumped to just 1.8% in the year to February, according to the country's largest lender, the Halifax.

That is the slowest rate of increase since March 2013.

The Halifax said that the average price of a home has fallen from £226,408 in November, to £224,353 last month. That is a fall of £2,055.

However, prices actually rose by 0.4% in February, following two months in which values declined.

BBC     News.