House prices have shown only a modest rise on a year ago, with first-time buyers facing much steeper increases than existing owners,official figures showed.
The typical house price was £224,473 in February, a 0.3% year-on-year rise, the Office for National Statistics (ONS) said, as analysts warned that the weak economy and low consumer confidence is likely to drag prices down in the coming months………………………………………..Full Article: Source