House price growth at six-year low and inflation rises to 1.9%

UK could suffer first fall in prices since 2011 towards the end of this year

House prices grew at the slowest rate since 2013 in January, according to official figures that signalled the UK was heading later this year for the first fall in property values since the financial crash.

Average house prices in the UK increased by 1.7% in the year to January 2019, down from 2.2% in December 2018 and 5.1% in October 2017, the Office for National Statistics said.

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