by: Lana Clements
House price growth in the UK slowed to 2.3% in the year to October, its lowest level since 2013, official data showed.
The slowdown was driven by falling values in London.
Prices in the capital dropped by 1.7% over the 12 months to October, according to the Office for National Statistics (ONS).
London house prices have been falling on an annual basis since July, which is likely the impact of tax and regulatory changes, the ONS said.
Between September and October values across the country dipped by 0.2%, taking the average property’s worth to £231,095.
The North West experienced the biggest price rises over the year, as values jumped by 4.9%.
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