House prices in the U.K. continued to grow in November though the increase in the last quarter slowed, property tracking website Hometrack said on Friday.
The asking price for a house in the U.K. rose 8.9 percent year-on-year in November. This follows a 9.2 percent increase in October.
But the rate of house price growth in the last quarter has slowed across 16 of the 20 cities, Hometrack said.
House prices in London advanced the most, by 16.4 percent.
«Overall we expect modest UK house price growth of 2% in 2015, which is more in line with earnings growth, » Richard Donnell, director of research at Hometrack said.
«Significant pent-up demand has feed back into the market in the last two years pushing house prices higher in all cities but the underlying rate of growth is now slowing across the majority of markets, «
The material has been provided by InstaForex Company – www.instaforex.com