Tuesday’s good news on UK jobs and wages has been dented this morning by more data from the ONS, this time on the lack of growth in house prices – as inflation is running at 1.9 per cent. Across the country house prices rose just 0.6 per cent to £226,000 in the year to February – the slowest pace September 2012. The south east saw a fall to £316,000, the first drop since 2011. London prices dropped 3.8 per cent, building on January’s 2.2 per cent fall, to £460,000.
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