All you need to know about what’s happened in property this week
Property prices are still rising – but at a considerably slower pace, according to the Halifax house price index.
House prices in July were 2.1 per cent higher than the same period last year, the lowest rate since April 2013 and down from the 5.7 per cent rate of growth in January.
Prices in the second quarter were 0.2 per cent lower than the previous three months. This is the fourth successive quarter of decline, the first time this has happened in almost five years.