UK house prices rose in April at the slowest pace in three months as the supply of homes for sale picked up, Hometrack said. The average cost of a home in England and Wales increased 0.2% from March to £158,400 ($243,000), the London- based property researcher said in an e-mailed statement today. Prices rose 1.8% from a year earlier. The property market’s momentum is waning as more Britons lose their jobs in the aftermath of the worst recession on record. Political campaigning before the May 6 election is also undermining confidence as squabbles on how to tackle the widest budget deficit since World War II unsettles homebuyers, according to Hometrack.
UK house prices climb at slowest pace in 3 months
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