House price growth slowed in March, Nationwide says

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UK house price growth "softened" in March with values rising at an annual rate of 3.5%, the Nationwide has said.

That was down from a 4.5% annual growth rate in February, and was the slowest annual increase since August 2015, according to the building society.

House prices in March fell 0.3% from the month before. The cost of the average home was £207,308.

The Nationwide said that the level of home ownership had fallen to its lowest since 1985.


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