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UK Annual house price growth continues to soften
February saw a further softening in annual house price growth to 5.7%, from 6.8 % in January. This is the sixth month in a row in which annual growth has moderated , with house prices declining by 0. 1% month on month . “ The broader economic backdrop has remained supportive of housing market activity. Mortgage rates remain close to al l - time lows and consumer confidence remains buoyant thanks to a further steady improvement in labour market conditions. Indeed, t he unemploymen t rate has continued to decline and earnings growth has picked up, particularly i n inflation - adjusted terms, than ks in part to the ... (full story)