House price growth slowest for 5 years

9th March 2018

Figures from Halifax reveal that the rate of house price growth in the UK fell to just 1.8% in the year to February, its slowest rate of increase since the 1.1% recorded in March 2013. The average price of a home has fallen from £226,408 in November, to £224,353 last month, though prices actually rose 0.4% month-on-month in February. On a quarterly basis, house prices between December and February were 0.7% lower than in the preceding three months, marking the first quarterly decline since May 2017.

The Guardian (07/03/2018)