India, May 7 -- UK house prices rose only marginally in April as rising interest rate expectations weighed on the property market, data published by the mortgage lender Halifax showed on Tuesday.
House prices posted a monthly increase of 0.1 percent in April, which was weaker than the expected 0.2 percent growth. However, this was in contrast to the 0.9 percent fall in March.
On a yearly basis, property price growth advanced to 1.1 percent from 0.4 percent in the prior month. Nonetheless, the increase was attributed to the base effect of weaker price growth around the same time last year.
The average property costs GBP 288,949 compared to GBP 287,244 at the start of the year.
Halifax Head of Mortgages Amanda Bryden said average house pr...