Jul
07

UK HOUSE PRICES GROW AT SLOWEST RATE FOR FIVE YEARS

UK House PriceUK house prices rose at the slowest pace since March 2013 in the year to June, according to the country’s largest lender, the Halifax.

Prices increased by just 1.8%, equalling the pace of growth seen in the year to February.

In the last three months, the cost of an average house or flat actually fell by 0.7%, the largest quarterly decline since February 2012.

Prices have now fallen in four out of the five last quarters.

The typical UK home now costs £225,654.

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