UK house price growth slowed in January: ONS

FILE PHOTO: Houses are seen painted in various colours in a residential avenue in London, Britain, Would possibly 15, 2019. REUTERS/Toby Melville

LONDON (1) – British house price growth slowed in January, sooner than the coronavirus began to hit Britain, after rising at its quickest price in 11 months in December, official data confirmed on Wednesday.

House prices in January have been 1.3% better than a yr earlier, slowing from a 1.7% enhance in December, the Office for Nationwide Statistics said.

“Over the earlier three years, there was a standard slowdown in UK house price growth, pushed primarily by a slowdown in the south and east of England,” the ONS said.

Reporting by David Milliken; Enhancing by William Schomberg

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About the author

James Ashley

James Ashley is a 2006 graduate of De La Salle University in Manila, Philippines. After working over a decade as an additional writer at USA News, he decided to start his own news publication. He mainly focuses on technology, sports articles and editorials. He likes to listen to music and play chess in his free time.

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