London Slump Drags UK House Price Growth To More Than Six-Year Low

British house prices rose at the weakest rate in six-and-a-half years in February, dragged down by London’s biggest price slump in a decade as Brexit uncertainty sent chills through the property market. Official data also showed Britain’s consumer price inflation unexpectedly held just below the Bank of England’s 2 percent target in March, offering relief to consumers whose spending has helped Britain’s economy through the Brexit crisis. House prices were just 0.6 percent higher in February than a year ago, slowing sharply from a 1.7 percent annual rise in January, the Office for National Statistics (ONS) said. Read more on the Reuters website.

https://uk.reuters.com/article/uk-britain-economy-inflation/london-slump-drags-uk-house-price-growth-to-more-than-six-year-low-idUKKCN1RT0R8