UK House Prices See Slowest Growth Since 2009

Asking prices for homes in England and Wales are rising more slowly due to rising consumer price inflation, worries about Brexit and tighter lending rules, property data firm Rightmove said on Monday, adding to signs of a slowing property market.

Prices sought by sellers during the month to Feb. 11 – when there is typically a seasonal price spike of about 5 percent – were just 2.0 percent higher than the month before, the weakest increase for the time of year since 2009.

Compared with a year earlier, asking prices were 2.3 percent higher, the smallest increase since April 2013.

Reuters

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