Rise in property prices in Britain unexpectedly slowed in March

Property prices in the UK unexpectedly slowed their growth, it added signs of weakness in the UK housing market and the consumer economy as a whole, Reuters reports. According to the Halifax mortgage lender, in April home prices in the country grew by 2.2% in annual terms after rising by 2.7% in March. Economists had predicted a 3.3% rise in prices. Compared with the previous month, property prices in April fell by 3.1% after rising 1.6% in March. Halifax Managing Director, Russell Galli, said: “Demand for housing in the first months of 2018 has softened, and approval of mortgage loans and sales of finished housing decreased”.

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