(Bloomberg) -- U.K. house prices rose at the slowest
pace in four months in May as interest rates at a six-year high
discouraged buyers, Hometrack Ltd. said.
The average cost of a home in England and Wales increased
0.6 percent from April, the least since January, to 175,600
pounds ($348,000), a survey by the London-based research company
showed today. Price growth was ``subdued'' in all regions apart
from the areas around the capital as London prices rose 1.3
percent from the previous month, Hometrack said.
Read more at Bloomberg Currencies News
pace in four months in May as interest rates at a six-year high
discouraged buyers, Hometrack Ltd. said.
The average cost of a home in England and Wales increased
0.6 percent from April, the least since January, to 175,600
pounds ($348,000), a survey by the London-based research company
showed today. Price growth was ``subdued'' in all regions apart
from the areas around the capital as London prices rose 1.3
percent from the previous month, Hometrack said.
Read more at Bloomberg Currencies News
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