Uk House Prices Growing At Slowest Pace In Almost

UK House Prices Growing At Slowest Pace in Almost Seven YearsProperties in London and the South East suffer most but other regions, such as Wales and England's west, see rising prices.Annual house price growth is at its lowest level in almost seven years, with London house prices suffering most.UK house prices were up by just 0.6% in the year to February with an average of £226,000, a much more subdued picture than the 1.7% increase seen in the year to January.It marked the lowest annual increase since September 2012 (0.4%) according to the Office for National Statistics, the Land Registry and other bodies who released the figures jointly.The national slowdown is largely due to falling prices in London and the South East of England.Prices in London were down by 3.8% in the year to February, faster than the 2.2% decrease seen in the year to January.In the South East, prices fell by 1.8% during the year.Mike Hardie, head of inflation at the ONS, said: "Annual house price growth has slowed to the lowest rate in close to seven years."Growth in Wales and the west of England was offset by a sustained fall in London and falling prices in the