British house prices fell in January for the first time in seven months, before the scheduled March 31 end of a tax cut for buyers, according to mortgage lender Nationwide, adding that the market could weaken sharply in the months ahead. House prices fell by a monthly 0.3%, slowing the pace of their annual increase to 6.4% from 7.3% in December, which was their biggest jump in six years. Economists had expected a monthly increase of 0.3% and a 6.9% rise in annual terms. Read more on the Reuters website.
https://www.reuters.com/article/us-britain-economy-houseprices-idUSKBN2A20PB
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