Tuesday, 17 April 2018

House Price Growth Slows For Second Consecutive Month

The latest data and analysis on UK house prices by ONS has revealed a slowdown in house price growth for a second consecutive month. Compounded by supply issues, the annual growth rate has remained under 5% throughout 2017 and into 2018. According to ONS, the fall in house price growth across the UK is driven mainly by a fall in the capital. There, average house prices decreased by 1.0% in the year to February 2018 - down from a 1.3% increase in January 2018. The report also revealed that the average UK house price was £225,000 in February 2018. This is £9,000 higher than in February 2017 and broadly unchanged from last month. Read more on the Property Reporter website.

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