UK house prices rise at slowest pace in more than 4 years: Halifax
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[LONDON] British house prices rose at their slowest pace in annual terms in more than four years last month as accelerating inflation put a squeeze on the finances of many households, mortgage lender Halifax said on Friday.
Average house prices in the three months to June were 2.6 per cent higher than a year earlier, slowing from a 3.3 per cent increase in May.
Economists in a Reuters poll had expected a 3.1 per cent rise.
In June alone, house prices fell by one per cent from May, compared with a median forecast of growth of 0.2 per cent in the Reuters poll.
REUTERS
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