Many economists, estate agents and property analysts believe that house prices will be flat by the end of the year PA:Press AssociationHouse prices rose at the slowest pace in nearly four years last month, according to Britain’s biggest mortgage lender. The monthly Halifax house price index showed that annual growth slowed to 5.1 per cent in February from 5.7 per cent in January, the lowest level since July 2013 and below expectations of 5.3 per cent. On a monthly basis, house prices rose by 0.1 per cent between January and February on a seasonally adjusted basis, slower than the 0.4 per cent rise expected and taking the average price of a home in the UK to £219,949. House prices fell by 1.1 per cent month on month in January. Martin Ellis, a housing economist at Halifax, said: “The annual rate of house price growth has nearly…

Source: The Times March 07, 2017 12:00 UTC