Pursuits

U.K. Home-Price Growth Slows as Election Cools Market Demand

Photographer: Matthew Lloyd/Bloomberg
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U.K. home-price inflation slowed to the least in more than a year last month as uncertainty surrounding next month’s election damped activity.

Prices rose an annual 5.6 percent, down from 6.8 percent in February and marking the smallest increase since November 2013, LSL Property Services and Acadata said in a report Friday. While sales increased almost 12 percent, this was half the increase expected during the spring property season, they said.