Annual UK house price growth slows to lowest level in more than a decade

Property values in south of England fall most, while West Midlands records strongest growth

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Annual house price growth across the UK has slowed to the lowest level in more than a decade, with property values in the south of England under the greatest pressure.

The lender Halifax said average prices in April were 0.1% higher than the same month a year ago, the lowest rate of growth since December 2012 and down from March’s annual growth rate of 1.6%.