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Asking price growth slows to lowest rate in almost four years as UK housing market stalls
The growth in house prices has slowed to the lowest rate in almost four years as sellers were warned against overpricing their properties. Rightmove’s index of asking price for properties found that the annual rate of growth was just 2.3pc, the lowest since April 2013. For this time of year, it is the slowest rate of growth since February 2009. However, it said that demand was up, with traffic to the website 3pc higher than January last year, when it was boosted by the surge of investors to purchase uy-to-let properties before stamp duty was hiked in April. Rightmove said that the lower rate of house price growth ... (full story)