UK house price growth weakens to 4-year low in March - Halifax

UK house price growth has slowed to its weakest for nearly four years, data published by mortgage lender Halifax showed on Friday. UK house prices rose 3.8 percent in the three months to March compared with the same period a year ago, the weakest increase since May 2013.

In the three month to February, annual growth was higher at 5.1 percent. Data missed forecasts for a growth of 3.9 percent and were the latest sign of a slowdown in the country's housing market. On monthly terms, prices were flat for the second month in a row, Halifax said.

Today's Halifax data followed mortgage lender Nationwide's British house prices published last week which showed a fall in monthly terms for the first time since mid-2015 in March and the year-on-year increase was the weakest since August 2015.