House Price Growth At Lowest For Four Years

The development in house costs over the UK demonstrated a noteworthy log jam in the year to March, as indicated by the nation’s greatest moneylender.

Costs ascended by 3.8%, the most minimal rate since May 2013, and down from 5.1% in the year to February, said the Halifax.

The swelling rate is currently not as much as a half what it was a year back.

A week ago, the Nationwide said that house costs had really fallen in the most recent month. The Halifax saidprices had been level since February.

The normal cost of a home in the UK is presently £219,755, it said.

“The yearly rate of house value development has more than divided in the course of recent months,” said Martin Ellis, Halifax’s lodging financial analyst.

“A protracted time of quick house cost development has made it progressively troublesome for some to buy a home, as pay development has neglected to keep up, which seems to have controlled lodging request.”

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