Pursuits
U.K. House Price Growth Adds Weight to Predictions of a Slowdown
- Prices rose an annual 5.1%, around half last year’s peak
- Halifax says average British house now costs 219,949 pounds
Telephone lines lead to a row of terraced houses standing on a hilltop street in southeast London, U.K., on Thursday, July 21, 2016. London's seven-year housing boom may be about to end after the U.K. voted to leave the European Union.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
The pace of U.K. annual house price growth slowed in February, adding weight to predictions of waning momentum in 2017, according to Halifax.
In the three months to February, prices rose an annual 5.1 percent compared with a 5.7 percent pace in January. That’s almost half the 10 percent peak seen in March. Values rose 0.1 percent from a month earlier.