All you need to know about what’s happened in property this week
House prices slumped during the key spring selling season, according to official Government figures.
The annual rate of growth was 4.1 per cent in March, down from 5.6 per cent in February, as the market stagnates due to a lack of supply. Between those two months, the average house price across the country fell 0.6 per cent.
The slowing in the housing market came amid an increasing squeeze on consumers.