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House price growth slows to lowest in four years

Staff Writer |
Growth in house prices slowed significantly in the year to March, according to data from lender Halifax.

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House prices in the three months to March were up 3.8% from the same period a year before, but down compared to a 5.1% jump in February.

The increase was slightly weaker than the 3.9% analysts had expected and marked the lowest annual rate since May 2013.

House prices were unchanged between February and March for the second consecutive month and Halifax said the average price of a home is now £219,755.

On a quarterly basis, prices were 0.1% higher than in the previous three months. This was the lowest quarterly rate of change since Octber 2016.

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