Index shows UK prices increased by just 0.3% in February

Residential property prices in the UK increased by 0.3% in February and there was a slight growth taking the annual increase to 4.8%, the latest house price index shows. This took average prices to £196,930 and overall the annual rate of growth has remained between 3% and 5% since the summer of 2015, according to the data from lender the Nationwide. The index report also says that the number of mortgages approved for house purchase increased sharply in January to almost 75,000, up from around 7...