U.K. House Prices Increase at Slowest Pace in Four Years
- Prices grow 2.6% from a year ago, slowest pace since May 2013
- Rising inflation, tax changes continue to weigh on demand
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U.K. house prices grew at their slowest pace in four years in June, adding to signs that the property market is cooling.
Prices grew 2.6 percent compared with a year earlier, lender Halifax said in a report on Friday. On a quarterly basis, they slipped 0.1 percent, and they declined 1 percent from a month earlier.