Monday, March 31, 2008
UK house prices fell for the sixth straight month in March, pushing the annual growth rate to a two-year low, housing consultancy Hometrack said today. Average house prices fell 0.2% in March from February, while annual growth dipped to 0.4%, the slowest since March 2006, Hometrack said. The news is another signal the slowdown in UK house prices may be prolonged. On Friday, the Nationwide building society reported its own measure of annual price growth was 1.1%, the lowest in 12 years.