London slump drags UK house price growth to more than six-year low

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- British house prices rose in February at the weakest rate in six-and-a-half ye...

LONDON, April 17 - - British house prices rose in February at the weakest rate in six-and-a-half years, dragged down by the biggest slump in London for a decade as Brexit uncertainty sent chills through the market.

British house prices stood 0.6 percent higher in February than a year ago, slowing sharply from a 1.7 percent annual rise in January, the Office for National Statistics said. Separately, the ONS said consumer prices rose at an annual rate of 1.9 percent in March, the same rate as in February. A Reuters poll of economists had pointed to 2.0 percent.

 

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