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UK house price inflation weakest in 13 months

Staff Writer |
British house price inflation eased further in April to the lowest level in just over a year, figures from the Office for National Statistics showed Wednesday.

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The house price index climbed 3.9% year-over-year in April, slower than March's 4.2% rise.

The average UK house price was GBP 227,000 in April, which was GBP 9,000 higher than in the same month of the prior year and GBP 3,000 lower than a month ago.

The main contribution to the increase in UK house prices came from England, where house prices rose by 3.7% over the year to April 2018.

House prices grew 4.4% in Wales and a 5.6% rise seen in Scotland.

On a regional basis, London remained the region with the highest average house price at GBP 485,000, followed by the South East and the East of England.

On a monthly basis, house prices increased 1.2% at the start of the second quarter.

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