Tuesday 5 February 2008

House prices unchanged in January

House prices were unchanged in January compared to the previous month, according to the Halifax bank. However, the country's biggest mortgage lender said that house prices were rising at an annual rate of 4.5%. The gain in annual house price growth pushed the value of the average UK home to £197,244 - a rise of £7,628. The bank said that there were continuing signs of weakness in housing market activity and that the market would be flat during the year. The figures are the latest to highlight slowing house price growth.

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