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UK house price growth weakest in nearly four years - Halifax

Published 07/04/2017, 08:51
Updated 07/04/2017, 09:00
© Reuters. Property estate agent sales and letting signs are seen attached to railings in London, Britain

LONDON (Reuters) - British house price growth has slowed to its weakest for nearly four years, mortgage lender Halifax said on Friday, in the latest sign of a slowdown in the country's housing market.

House prices rose 3.8 percent in the three months to March compared with the same period a year ago, the weakest increase since May 2013 and slightly slower than a Reuters poll forecast for growth of 3.9 percent.

In monthly terms, prices were flat for the second month in a row, Halifax said.

© Reuters. Property estate agent sales and letting signs are seen attached to railings in London, Britain

Last week mortgage lender Nationwide said British house prices had fallen in monthly terms for the first time since mid-2015 in March and the year-on-year increase was the weakest since August 2015.

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