Investing.com – British home sellers raised asking prices by the smallest amount for March ever recorded as the supply of available properties increased, an industry group said on Monday.
Prices rose 0.1% during the month compared to 3.2% in February, the smallest margin on record for this time of the year, the property Web site Rightmove said.
The near standstill in prices has fuelled fears that a decline in the housing market could lead to a slowdown in the wider British economy.
Sterling slid against the U.S. dollar in the wake of the data, with GBP/USD shedding 0.24% to hit 1.5159.
Prices rose 0.1% during the month compared to 3.2% in February, the smallest margin on record for this time of the year, the property Web site Rightmove said.
The near standstill in prices has fuelled fears that a decline in the housing market could lead to a slowdown in the wider British economy.
Sterling slid against the U.S. dollar in the wake of the data, with GBP/USD shedding 0.24% to hit 1.5159.