The United Kingdom has seen a slowing of the price growth on houses over the last seven months. In March, house prices rose at the slowest pace in seven months at 2.1 percent (Reuters poll of economists had predicted that the market would grow by 2.6 percent). Additionally, if this was not already worrisome enough, buyers are likely to see increased interest rates in the near future. The Bank of England is expected to raise interest rates again in May to a new high of 0.75 percent.
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