U.K. House Prices Start Year on Negative Note as Demand WanesBy
Values declined 0.9% from December, Halifax report says
Weaker growth, affordability constraints to damp growth
U.K. home prices declined at the start of the year, underscoring predictions for a slowdown in 2017, according to Halifax.
Values fell 0.9 percent from a month earlier, posting their first slide since August, the mortgage lender said. While values in the three months to January rose an annual 5.7 percent, that’s almost half the 10 percent peak seen in March. Halifax expects price growth to slow to between 1 percent and 4 percent by the end of the year…
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