The UK Real Estate Market Slowing Down

03.02.2015, 15:30
Europe, World

UK house prices fell in February. Average house prices fell by 0.1% (from £188,446 in January to £187,964). Annual house price growth slowed for the sixth month in a row to 5.7%, BBC reports.

Although UK improves its economic outlook and sets low interest rate, the prices in real estate market have fallen.

Among 5-34 year-old people, the percentage of households having their own home fell from 59% (it was in 2004) to 36% in 2014. The government is offering up to 20% discount for first-time buyers.

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The UK Real Estate Market Slowing Down

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