House price growth at lowest level for five years
by Rupert Jones from on (#3HJME)
Halifax data comes days after Nationwide reported that UK house prices fell in February
The annual rate of house price growth has fallen to 1.8%, its lowest level for almost five years, according to the Halifax.
With the most recent official data showing earnings growth averaging 2.5%, that means that unusually, wages are currently outpacing house prices.