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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